The J. M. Smucker Company $SJM Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 6.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 278,788 shares of the company’s stock after selling 20,628 shares during the period. Douglas Lane & Associates LLC owned approximately 0.26% of J. M. Smucker worth $27,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SJM. Root Financial Partners LLC purchased a new stake in J. M. Smucker during the 3rd quarter worth approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker during the 2nd quarter worth approximately $27,000. MUFG Securities EMEA plc purchased a new stake in J. M. Smucker during the 2nd quarter worth approximately $31,000. First Horizon Corp purchased a new stake in J. M. Smucker during the 3rd quarter worth approximately $56,000. Finally, Caldwell Trust Co purchased a new stake in J. M. Smucker during the 2nd quarter worth approximately $52,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SJM has been the topic of several analyst reports. Barclays lifted their price objective on J. M. Smucker from $105.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Sanford C. Bernstein upgraded J. M. Smucker from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $121.00 to $145.00 in a report on Wednesday, March 11th. Finally, Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $118.93.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $92.33 on Friday. The J. M. Smucker Company has a twelve month low of $91.63 and a twelve month high of $119.39. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of -7.83, a price-to-earnings-growth ratio of 4.07 and a beta of 0.27. The business has a 50 day simple moving average of $104.80 and a 200-day simple moving average of $103.73.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business earned $2.61 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a $1.10 dividend. The ex-dividend date was Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 4.8%. J. M. Smucker’s dividend payout ratio is -37.32%.

J. M. Smucker Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.