The J. M. Smucker Company (NYSE:SJM) Shares Sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,672 shares of the company’s stock after selling 384 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in J. M. Smucker were worth $1,725,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC raised its position in J. M. Smucker by 12.5% during the 3rd quarter. Natixis Advisors LLC now owns 15,520 shares of the company’s stock worth $1,879,000 after buying an additional 1,724 shares during the last quarter. Pathstone Holdings LLC lifted its position in J. M. Smucker by 1.5% during the third quarter. Pathstone Holdings LLC now owns 15,369 shares of the company’s stock valued at $1,861,000 after purchasing an additional 233 shares during the period. Advisors Asset Management Inc. boosted its holdings in J. M. Smucker by 32.3% in the third quarter. Advisors Asset Management Inc. now owns 10,302 shares of the company’s stock valued at $1,248,000 after purchasing an additional 2,518 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of J. M. Smucker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock valued at $119,966,000 after buying an additional 13,276 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.4 %

Shares of SJM opened at $111.31 on Wednesday. The stock has a 50 day moving average price of $107.37 and a 200 day moving average price of $112.23. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its 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 analysts’ expectations of $2.23 billion. Equities research 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 business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.88%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SJM. Morgan Stanley began coverage on J. M. Smucker in a research report on Monday. They issued an “overweight” rating and a $123.00 price objective on the stock. 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. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Thursday, March 20th. Finally, Barclays reduced their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price of $125.67.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

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.