The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 18.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,723 shares of the company’s stock after purchasing an additional 572 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in J. M. Smucker were worth $386,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SJM. Kentucky Trust Co purchased a new position in J. M. Smucker in the 4th quarter valued at approximately $28,000. Venturi Wealth Management LLC boosted its position in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after buying an additional 226 shares during the period. Kieckhefer Group LLC purchased a new position in J. M. Smucker in the 4th quarter valued at approximately $33,000. Catalyst Capital Advisors LLC purchased a new position in J. M. Smucker in the 3rd quarter valued at approximately $39,000. Finally, Hantz Financial Services Inc. purchased a new position in J. M. Smucker in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling 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 on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Price Performance

Shares of SJM opened at $102.88 on Thursday. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.59. The stock has a market cap of $10.95 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 3.29 and a beta of 0.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm has a fifty day moving average price of $106.45 and a 200 day moving average price of $113.59.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 earnings per share. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 4.20%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Analyst Ratings Changes

Several brokerages have commented on SJM. Barclays decreased their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Wells Fargo & Company raised their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $126.78.

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.