The J. M. Smucker Company (NYSE:SJM) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC reduced its position in shares of The J. M. Smucker Company (NYSE:SJM) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,370 shares of the company’s stock after selling 156 shares during the period. HBW Advisory Services LLC’s holdings in J. M. Smucker were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SJM. Wolverine Asset Management LLC lifted its position in shares of J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Advantage Trust Co acquired a new position in shares of J. M. Smucker during the fourth quarter worth $25,000. Cooksen Wealth LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at $33,000. Valley National Advisers Inc. lifted its position in shares of J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after purchasing an additional 272 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of J. M. Smucker during the first quarter worth about $35,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus reduced their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. DA Davidson cut their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Barclays cut their target price on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. Finally, TD Cowen cut their target price on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $132.64.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $1.94 during mid-day trading on Tuesday, hitting $118.94. The company’s stock had a trading volume of 881,790 shares, compared to its average volume of 1,252,667. The stock’s fifty day moving average price is $113.11 and its two-hundred day moving average price is $118.09. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $150.08. 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 stock has a market capitalization of $12.63 billion, a P/E ratio of 16.98, a P/E/G ratio of 2.45 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business posted $2.64 EPS. The company’s revenue was down 1.3% on a year-over-year basis. Research analysts forecast that The J. M. Smucker Company will post 10.06 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is 59.55%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.