Private Trust Co. NA Has $93,000 Stake in The J. M. Smucker Company (NYSE:SJM)

Private Trust Co. NA cut its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 842 shares of the company’s stock after selling 424 shares during the quarter. Private Trust Co. NA’s holdings in J. M. Smucker were worth $93,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its stake in shares of J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont increased its position in J. M. Smucker by 4.1% during the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after purchasing an additional 108 shares during the period. Conestoga Capital Advisors LLC raised its holdings in J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after purchasing an additional 115 shares during the last quarter. Code Waechter LLC lifted its position in shares of J. M. Smucker by 2.5% in the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after purchasing an additional 124 shares during the period. Finally, Trivant Custom Portfolio Group LLC boosted its stake in shares of J. M. Smucker by 35.7% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock valued at $52,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SJM shares. Barclays lowered 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 note on Monday. 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. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. Wells Fargo & Company raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $126.13.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction that occurred 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 owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Down 2.0 %

NYSE SJM opened at $109.85 on Wednesday. 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 business has a 50 day moving average price of $106.17 and a 200-day moving average price of $112.99. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 3.91 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.23 billion. As a group, equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

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 $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.93%. J. M. Smucker’s payout ratio is -179.25%.

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.