The J. M. Smucker Company (NYSE:SJM) Shares Sold by IRON Financial LLC

IRON Financial LLC lessened its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,000 shares of the company’s stock after selling 182 shares during the period. IRON Financial LLC’s holdings in J. M. Smucker were worth $632,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of J. M. Smucker by 15.6% in the fourth quarter. Fifth Third Bancorp now owns 13,666 shares of the company’s stock valued at $1,727,000 after purchasing an additional 1,848 shares during the period. Columbus Macro LLC grew its holdings in shares of J. M. Smucker by 1.6% during the fourth quarter. Columbus Macro LLC now owns 10,473 shares of the company’s stock worth $1,331,000 after buying an additional 162 shares in the last quarter. Culbertson A N & Co. Inc. grew its holdings in shares of J. M. Smucker by 8.3% during the fourth quarter. Culbertson A N & Co. Inc. now owns 12,539 shares of the company’s stock worth $1,585,000 after buying an additional 960 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of J. M. Smucker by 16.1% during the fourth quarter. Blue Trust Inc. now owns 929 shares of the company’s stock worth $114,000 after buying an additional 129 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of J. M. Smucker during the fourth quarter worth about $106,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the subject of a number of recent analyst reports. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Sunday. Morgan Stanley reiterated an “equal weight” rating and set a $122.00 price objective on shares of J. M. Smucker in a research note on Wednesday, December 6th. Finally, Wells Fargo & Company began coverage on shares of J. M. Smucker in a research note on Tuesday, December 12th. They set an “overweight” rating and a $140.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $137.20.

Read Our Latest Stock Report on J. M. Smucker

J. M. Smucker Stock Up 0.1 %

SJM opened at $125.87 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92. The firm’s fifty day moving average price is $125.87 and its 200 day moving average price is $121.74.

J. M. Smucker (NYSE:SJMGet Free Report) last released its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.24 annualized dividend and a dividend yield of 3.37%. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

J. M. Smucker Profile

(Free Report)

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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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