US Bancorp DE Sells 3,374 Shares of The J. M. Smucker Company (NYSE:SJM)

US Bancorp DE trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,797 shares of the company’s stock after selling 3,374 shares during the period. US Bancorp DE’s holdings in J. M. Smucker were worth $4,162,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC raised its position in shares of J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Venturi Wealth Management LLC raised its holdings 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 worth $29,000 after buying an additional 226 shares during the period. Kentucky Trust Co acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $28,000. Kieckhefer Group LLC acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker during the 3rd quarter worth approximately $39,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 0.5 %

SJM stock opened at $109.32 on Thursday. The company has a market cap of $11.63 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The business has a 50-day simple moving average of $106.17 and a 200 day simple moving average of $112.99. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.59. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Wall Street Analyst Weigh In

SJM has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday. Wells Fargo & Company raised their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price objective 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, StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned 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 $126.13.

Insider Activity at J. M. Smucker

In other J. M. Smucker 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 transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by insiders.

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.