CHICAGO TRUST Co NA Sells 336 Shares of The J. M. Smucker Company (NYSE:SJM)

CHICAGO TRUST Co NA lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,146 shares of the company’s stock after selling 336 shares during the period. CHICAGO TRUST Co NA’s holdings in J. M. Smucker were worth $254,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Curat Global LLC purchased a new stake in J. M. Smucker during the 1st quarter worth about $117,000. E. Ohman J or Asset Management AB bought a new stake in shares of J. M. Smucker during the first quarter valued at about $646,000. Vest Financial LLC lifted its holdings in shares of J. M. Smucker by 9.0% in the first quarter. Vest Financial LLC now owns 528,615 shares of the company’s stock worth $62,593,000 after buying an additional 43,663 shares in the last quarter. Naples Global Advisors LLC boosted its position in shares of J. M. Smucker by 2.3% in the first quarter. Naples Global Advisors LLC now owns 9,061 shares of the company’s stock valued at $1,073,000 after acquiring an additional 200 shares during the period. Finally, Columbia Asset Management boosted its position in shares of J. M. Smucker by 9.7% in the first quarter. Columbia Asset Management now owns 2,257 shares of the company’s stock valued at $267,000 after acquiring an additional 200 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Up 0.8%

NYSE SJM opened at $111.75 on Tuesday. The firm has a market cap of $11.89 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The stock has a 50-day moving average of $113.75 and a 200-day moving average of $111.21. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker’s payout ratio is -179.25%.

Analysts Set New Price Targets

Several research firms recently issued reports on SJM. Jefferies Financial Group reissued a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, May 28th. UBS Group cut their price objective on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a report on Friday. Citigroup lowered their target price on shares of J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Barclays dropped their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, Wall Street Zen raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $125.30.

Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

About J. M. Smucker

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.