CENTRAL TRUST Co Sells 402 Shares of The J. M. Smucker Company (NYSE:SJM)

CENTRAL TRUST Co reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 13.2% in the fourth quarter, Holdings Channel reports. The fund owned 2,654 shares of the company’s stock after selling 402 shares during the quarter. CENTRAL TRUST Co’s holdings in J. M. Smucker were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Probity Advisors Inc. grew its position in shares of J. M. Smucker by 1.1% during the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the period. Romano Brothers AND Company grew its position in shares of J. M. Smucker by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after acquiring an additional 100 shares during the period. Salem Investment Counselors Inc. grew its position in shares of J. M. Smucker by 17.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. grew its position in shares of J. M. Smucker by 11.0% during the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after acquiring an additional 102 shares during the period. Finally, Fulton Bank N.A. grew its position in shares of J. M. Smucker by 3.5% during the 3rd quarter. Fulton Bank N.A. now owns 3,178 shares of the company’s stock valued at $385,000 after acquiring an additional 108 shares during the period. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on SJM shares. Wells Fargo & Company raised their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus cut their price objective 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. TD Cowen downgraded shares of 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 report on Wednesday, January 8th. Finally, Barclays cut their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.78.

Insider Activity

In other news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Down 1.1 %

Shares of NYSE:SJM opened at $104.70 on Wednesday. The firm has a fifty day moving average price of $109.48 and a two-hundred day moving average price of $114.71. 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 J. M. Smucker Company has a one year low of $99.81 and a one year high of $133.85. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 3.26 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $2.59 EPS. Analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is currently 87.45%.

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.