Fulton Bank N.A. Has $335,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

Fulton Bank N.A. trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,070 shares of the company’s stock after selling 109 shares during the period. Fulton Bank N.A.’s holdings in J. M. Smucker were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of SJM. Wolverine Asset Management LLC raised its stake in shares of J. M. Smucker by 300.0% in the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Advantage Trust Co bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $25,000. Cooksen Wealth LLC bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $33,000. Valley National Advisers Inc. raised its holdings in shares of J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after purchasing an additional 272 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of J. M. Smucker in the first quarter worth $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SJM shares. Citigroup boosted their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Barclays dropped their price objective on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. TD Cowen cut their price objective on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 7th. DA Davidson dropped their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Finally, Argus lowered their price target on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $132.64.

Insider Transactions at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction on Friday, June 21st. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now owns 78,757 shares in the company, valued at approximately $8,675,871.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Stock Performance

NYSE SJM traded down $1.94 during trading on Tuesday, reaching $118.94. The company’s stock had a trading volume of 881,790 shares, compared to its average volume of 1,252,667. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $150.08. The firm has a 50 day moving average price of $113.32 and a 200 day moving average price of $118.02. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.45 and a beta of 0.25. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.64 earnings per share. As a group, equities analysts anticipate that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a $1.08 dividend. The ex-dividend date is Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a dividend yield of 3.63%. J. M. Smucker’s payout ratio is presently 59.55%.

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.