North Star Investment Management Corp. Sells 89 Shares of The J. M. Smucker Company (NYSE:SJM)

North Star Investment Management Corp. cut its position in The J. M. Smucker Company (NYSE:SJM – Get Rating) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,559 shares of the company’s stock after selling 89 shares during the quarter. North Star Investment Management Corp.’s holdings in J. M. Smucker were worth $4,209,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SJM. Point72 Asset Management L.P. bought a new position in J. M. Smucker in the third quarter valued at about $41,973,000. National Pension Service increased its stake in shares of J. M. Smucker by 1,012.2% in the first quarter. National Pension Service now owns 192,636 shares of the company’s stock valued at $26,085,000 after buying an additional 175,315 shares during the period. Vanguard Group Inc. increased its stake in shares of J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock valued at $1,722,666,000 after buying an additional 162,944 shares during the period. Mane Global Capital Management LP acquired a new stake in shares of J. M. Smucker in the third quarter valued at about $19,855,000. Finally, Invesco Ltd. increased its stake in shares of J. M. Smucker by 8.3% in the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock valued at $246,525,000 after buying an additional 139,158 shares during the period. 79.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SJM. The Goldman Sachs Group reissued a “sell” rating and issued a $123.00 price target on shares of J. M. Smucker in a research note on Monday, November 21st. StockNews.com started coverage on J. M. Smucker in a research note on Thursday. They issued a “hold” rating for the company. UBS Group raised J. M. Smucker from a “sell” rating to a “neutral” rating and raised their target price for the stock from $132.00 to $155.00 in a research note on Friday, February 10th. Stifel Nicolaus raised their target price on J. M. Smucker from $148.00 to $155.00 in a research note on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on J. M. Smucker from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Tuesday, December 6th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $149.70.

Insider Activity

In other news, CEO Mark T. Smucker sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $153.41, for a total value of $4,602,300.00. Following the transaction, the chief executive officer now owns 110,260 shares in the company, valued at $16,914,986.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Mark T. Smucker sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $153.41, for a total value of $4,602,300.00. Following the transaction, the chief executive officer now owns 110,260 shares in the company, valued at $16,914,986.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard K. Smucker sold 26,294 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $150.04, for a total value of $3,945,151.76. Following the completion of the transaction, the director now owns 629,282 shares in the company, valued at approximately $94,417,471.28. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

J. M. Smucker Trading Down 1.3 %

Shares of J. M. Smucker stock opened at $151.88 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.45 and a current ratio of 1.16. The J. M. Smucker Company has a 52 week low of $119.82 and a 52 week high of $163.07. The stock has a 50 day moving average price of $150.62 and a two-hundred day moving average price of $148.44. The stock has a market capitalization of $16.20 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 4.43 and a beta of 0.21.

J. M. Smucker (NYSE:SJM – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.08. J. M. Smucker had a return on equity of 11.10% and a net margin of 8.54%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that The J. M. Smucker Company will post 8.68 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were issued a $1.02 dividend. The ex-dividend date was Thursday, February 9th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.69%. J. M. Smucker’s dividend payout ratio is presently 61.45%.

About J. M. Smucker

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The J. M. Smucker Co engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee.