The J. M. Smucker Company (NYSE:SJM) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,096 shares of the company’s stock after selling 109 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in J. M. Smucker were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SJM. Blue Trust Inc. raised its stake in J. M. Smucker by 11.0% in the third quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after buying an additional 102 shares in the last quarter. Signaturefd LLC increased its position in shares of J. M. Smucker by 15.3% during the third quarter. Signaturefd LLC now owns 3,006 shares of the company’s stock worth $364,000 after purchasing an additional 399 shares in the last quarter. Eastern Bank acquired a new stake in shares of J. M. Smucker during the third quarter worth about $40,000. Greenleaf Trust increased its position in shares of J. M. Smucker by 15.0% during the third quarter. Greenleaf Trust now owns 6,063 shares of the company’s stock worth $734,000 after purchasing an additional 792 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of J. M. Smucker by 4,996.0% during the third quarter. International Assets Investment Management LLC now owns 207,202 shares of the company’s stock worth $25,092,000 after purchasing an additional 203,136 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Price Performance

Shares of SJM opened at $110.02 on Friday. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.59. The stock’s 50 day moving average is $106.26 and its two-hundred day moving average is $113.43. The firm has a market capitalization of $11.71 billion, a PE ratio of 22.27, a P/E/G ratio of 3.91 and a beta of 0.27. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SJM. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays cut their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $126.78.

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.