Crossmark Global Holdings Inc. Sells 1,188 Shares of The J. M. Smucker Company (NYSE:SJM)

Crossmark Global Holdings Inc. lowered its holdings in The J. M. Smucker Company (NYSE:SJMFree Report) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,895 shares of the company’s stock after selling 1,188 shares during the period. Crossmark Global Holdings Inc.’s holdings in J. M. Smucker were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SJM. Sound View Wealth Advisors Group LLC grew its position in shares of J. M. Smucker by 1.6% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock valued at $667,000 after acquiring an additional 81 shares during the period. Tradition Wealth Management LLC grew its position in shares of J. M. Smucker by 7.3% in the 4th quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after acquiring an additional 83 shares during the period. Shell Asset Management Co. grew its position in shares of J. M. Smucker by 4.4% in the 3rd quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock valued at $268,000 after acquiring an additional 93 shares during the period. Gallagher Fiduciary Advisors LLC grew its position in shares of J. M. Smucker by 2.0% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock valued at $595,000 after acquiring an additional 97 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of J. M. Smucker by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,882 shares of the company’s stock valued at $231,000 after acquiring an additional 98 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

SJM has been the subject of a number of analyst reports. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, February 28th. Citigroup increased their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a report on Friday. DA Davidson started coverage on J. M. Smucker in a report on Friday, March 1st. They set a “neutral” rating and a $132.00 price objective for the company. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. boosted their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.79.

Check Out Our Latest Stock Analysis on J. M. Smucker

J. M. Smucker Price Performance

SJM stock opened at $114.98 on Monday. The company’s 50-day moving average price is $113.81 and its two-hundred day moving average price is $120.73. The firm has a market cap of $12.21 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.74 and a beta of 0.23. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The J. M. Smucker Company has a 12 month low of $106.32 and a 12 month high of $154.34.

J. M. Smucker (NYSE:SJMGet Free Report) last issued its earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.32 by $0.34. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.64 EPS. On average, analysts anticipate that The J. M. Smucker Company will post 10.12 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Thursday, May 16th. J. M. Smucker’s payout ratio is presently 59.55%.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.

Further Reading

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

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