The J. M. Smucker Company (NYSE:SJM) Stock Holdings Reduced by SPC Financial Inc.

SPC Financial Inc. lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,820 shares of the company’s stock after selling 100 shares during the quarter. SPC Financial Inc.’s holdings in J. M. Smucker were worth $200,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after acquiring an additional 762,746 shares in the last quarter. FMR LLC boosted its stake in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after acquiring an additional 958,142 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after acquiring an additional 192,748 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of J. M. Smucker by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company’s stock worth $110,455,000 after purchasing an additional 12,410 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of J. M. Smucker by 13.8% during the 4th quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company’s stock worth $107,677,000 after purchasing an additional 118,240 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of several research analyst reports. TD Cowen cut 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 objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. Stifel Nicolaus cut their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $126.13.

J. M. Smucker Stock Down 0.5 %

NYSE SJM opened at $109.32 on Thursday. The firm has a market cap of $11.63 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59. The stock’s 50 day simple moving average is $106.17 and its 200 day simple moving average is $112.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.95%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was 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. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Company 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.