PNC Financial Services Group Inc. Sells 5,567 Shares of The J. M. Smucker Company (NYSE:SJM)

PNC Financial Services Group Inc. trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,104 shares of the company’s stock after selling 5,567 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.12% of J. M. Smucker worth $14,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its stake in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares during the period. Venturi Wealth Management LLC boosted its position in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after buying an additional 226 shares during the period. Kentucky Trust Co purchased a new stake in J. M. Smucker during the 4th quarter valued at $28,000. Kieckhefer Group LLC bought a new stake in J. M. Smucker in the 4th quarter worth $33,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of J. M. Smucker in the fourth quarter valued at about $39,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 0.3 %

Shares of NYSE SJM opened at $117.07 on Tuesday. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm has a 50-day moving average of $106.42 and a 200 day moving average of $112.79. The stock has a market cap of $12.46 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.69%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SJM. Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday, March 3rd. Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, J. M. Smucker has an average rating of “Hold” and an average price target of $126.13.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.40% of the company’s stock.

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.