The J. M. Smucker Company (NYSE:SJM) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,625 shares of the company’s stock after selling 544 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in J. M. Smucker were worth $2,491,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SJM. Salem Investment Counselors Inc. increased its holdings in shares of J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont increased its stake 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 buying an additional 108 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of 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 buying an additional 115 shares in the last quarter. Code Waechter LLC lifted its stake 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 acquiring an additional 124 shares during the period. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in shares of J. M. Smucker by 35.7% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock valued at $52,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 1.9 %

SJM stock opened at $111.76 on Tuesday. 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 market capitalization of $11.89 billion, a P/E ratio of 22.62, a P/E/G ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.15. The company’s 50 day simple moving average is $107.19 and its 200-day simple moving average is $112.29.

J. M. Smucker (NYSE:SJM) last announced 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. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.87%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

SJM has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley started coverage on J. M. Smucker in a research note on Monday. They set an “overweight” rating and a $123.00 target price for the company. DA Davidson dropped their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Thursday, March 20th. Finally, Barclays cut 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, March 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average target price of $125.67.

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.