Stock Yards Bank & Trust Co. Lowers Position in The J. M. Smucker Company (NYSE:SJM)

Stock Yards Bank & Trust Co. lowered its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,630 shares of the company’s stock after selling 1,149 shares during the period. Stock Yards Bank & Trust Co.’s holdings in J. M. Smucker were worth $840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SJM. Greenleaf Trust lifted its stake in shares of J. M. Smucker by 31.3% during the 4th quarter. Greenleaf Trust now owns 7,960 shares of the company’s stock worth $877,000 after purchasing an additional 1,897 shares during the last quarter. KG&L Capital Management LLC lifted its stake in shares of J. M. Smucker by 60.2% during the fourth quarter. KG&L Capital Management LLC now owns 3,460 shares of the company’s stock worth $381,000 after buying an additional 1,300 shares during the period. Hunter Associates Investment Management LLC grew its stake in J. M. Smucker by 3.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 16,825 shares of the company’s stock valued at $1,852,000 after purchasing an additional 524 shares during the last quarter. Crews Bank & Trust purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $105,000. Finally, Westhampton Capital LLC increased its stake in shares of J. M. Smucker by 4.5% in the fourth quarter. Westhampton Capital LLC now owns 6,743 shares of the company’s stock worth $743,000 after acquiring an additional 292 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Down 0.9 %

SJM stock opened at $105.95 on Tuesday. 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 company’s 50 day simple moving average is $109.79 and its 200-day simple moving average is $114.80. The firm has a market capitalization of $11.27 billion, a PE ratio of 21.45, a P/E/G ratio of 3.26 and a beta of 0.28. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $133.85.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.59 earnings per share. Equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 4.08%. J. M. Smucker’s payout ratio is currently 87.45%.

Analyst Ratings Changes

SJM has been the subject of several analyst reports. Barclays decreased their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Wells Fargo & Company raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.