The J. M. Smucker Company (NYSE:SJM) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,017 shares of the company’s stock after selling 569 shares during the period. Parallel Advisors LLC’s holdings in J. M. Smucker were worth $442,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new position in shares of J. M. Smucker during the third quarter valued at approximately $207,000. Empowered Funds LLC raised its stake in shares of J. M. Smucker by 381.3% in the 3rd quarter. Empowered Funds LLC now owns 9,237 shares of the company’s stock worth $1,119,000 after buying an additional 7,318 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of J. M. Smucker by 12.5% in the third quarter. Natixis Advisors LLC now owns 15,520 shares of the company’s stock valued at $1,879,000 after buying an additional 1,724 shares during the period. Pathstone Holdings LLC boosted its stake in J. M. Smucker by 1.5% during the third quarter. Pathstone Holdings LLC now owns 15,369 shares of the company’s stock valued at $1,861,000 after buying an additional 233 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in J. M. Smucker by 37.2% during the third quarter. Caprock Group LLC now owns 5,397 shares of the company’s stock worth $654,000 after acquiring an additional 1,463 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 0.4 %

NYSE SJM opened at $109.78 on Friday. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.91 and a beta of 0.28. The firm’s 50 day moving average price is $107.00 and its two-hundred day moving average price is $112.46.

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

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is presently -179.25%.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SJM. Barclays cut their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Wells Fargo & Company lifted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, DA Davidson decreased their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $126.00.

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.