Gulf International Bank UK Ltd Lowers Stake in The J. M. Smucker Company (NYSE:SJM)

Gulf International Bank UK Ltd lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,262 shares of the company’s stock after selling 219 shares during the period. Gulf International Bank UK Ltd’s holdings in J. M. Smucker were worth $909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in J. M. Smucker by 13.8% in the 4th quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company’s stock valued at $107,677,000 after acquiring an additional 118,240 shares in the last quarter. Blackhawk Capital Partners LLC. grew its holdings in shares of J. M. Smucker by 20.2% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 15,365 shares of the company’s stock valued at $1,692,000 after purchasing an additional 2,579 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $654,000. Finally, Hudson Edge Investment Partners Inc. boosted its position in J. M. Smucker by 13.8% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 44,209 shares of the company’s stock valued at $4,868,000 after buying an additional 5,363 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays cut their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus lowered their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company raised their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $126.63.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $110.69 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59. The stock has a 50 day moving average price of $106.19 and a 200 day moving average price of $113.11. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is currently -179.25%.

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.