The J. M. Smucker Company (NYSE:SJM) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lessened its position in The J. M. Smucker Company (NYSE:SJM) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,235 shares of the company’s stock after selling 575 shares during the period. Resonant Capital Advisors LLC’s holdings in J. M. Smucker were worth $1,799,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SJM. Moneta Group Investment Advisors LLC raised its position in shares of J. M. Smucker by 85,116.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock valued at $333,130,000 after buying an additional 2,099,830 shares during the last quarter. Norges Bank acquired a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $219,033,000. Ameriprise Financial Inc. raised its position in shares of J. M. Smucker by 487.5% in the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after buying an additional 1,210,837 shares during the last quarter. Nordea Investment Management AB raised its position in shares of J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after buying an additional 999,315 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of J. M. Smucker by 12,722.3% in the fourth quarter. International Assets Investment Management LLC now owns 334,022 shares of the company’s stock valued at $42,214,000 after buying an additional 331,417 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SJM shares. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, February 28th. Citigroup dropped their price target on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Barclays upped their price target on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Finally, DA Davidson began coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $137.47.

J. M. Smucker Price Performance

SJM opened at $114.76 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 52-week low of $107.33 and a 52-week high of $159.92. The company has a 50 day moving average of $121.08 and a two-hundred day moving average of $120.65. The company has a market cap of $12.19 billion, a P/E ratio of -130.41, a P/E/G ratio of 1.77 and a beta of 0.21.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. J. M. Smucker’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $1.06 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.24 annualized dividend and a yield of 3.69%. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

J. M. Smucker 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.