Carnegie Capital Asset Management LLC Sells 150 Shares of The J. M. Smucker Company (NYSE:SJM)

Carnegie Capital Asset Management LLC decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,895 shares of the company’s stock after selling 150 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in J. M. Smucker were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock valued at $1,722,666,000 after buying an additional 162,944 shares in the last quarter. Geode Capital Management LLC lifted its stake in J. M. Smucker by 1.4% in the first quarter. Geode Capital Management LLC now owns 2,284,534 shares of the company’s stock valued at $358,727,000 after buying an additional 31,412 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in J. M. Smucker by 85,116.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock valued at $333,130,000 after buying an additional 2,099,830 shares in the last quarter. Invesco Ltd. lifted its stake in J. M. Smucker by 8.3% in the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock valued at $246,525,000 after buying an additional 139,158 shares in the last quarter. Finally, Morgan Stanley lifted its stake in J. M. Smucker by 14.8% in the fourth quarter. Morgan Stanley now owns 1,531,825 shares of the company’s stock valued at $242,733,000 after buying an additional 197,519 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SJM. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Wednesday, February 28th. DA Davidson began coverage on shares of J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price objective on the stock. Citigroup lowered their price objective on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Barclays lifted their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $137.47.

J. M. Smucker Trading Down 0.2 %

Shares of J. M. Smucker stock opened at $109.77 on Thursday. The firm has a 50-day moving average of $121.74 and a 200-day moving average of $120.76. The stock has a market cap of $11.66 billion, a PE ratio of -124.74, a PEG ratio of 1.76 and a beta of 0.21. The J. M. Smucker Company has a 52-week low of $107.33 and a 52-week high of $159.92. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. J. M. Smucker’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 earnings per share. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $1.06 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.86%. J. M. Smucker’s payout ratio is presently -481.81%.

Insider Buying and Selling

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.