The J. M. Smucker Company (NYSE:SJM) Shares Sold by Cwm LLC

Cwm LLC lowered its position in The J. M. Smucker Company (NYSE:SJM) by 2.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 201,607 shares of the company’s stock after selling 4,027 shares during the period. Cwm LLC’s holdings in J. M. Smucker were worth $25,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Moneta Group Investment Advisors LLC lifted its stake in 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 purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $219,033,000. Ameriprise Financial Inc. raised its stake in shares of J. M. Smucker by 487.5% during the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after purchasing an additional 1,210,837 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of J. M. Smucker by 363.8% during the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after purchasing an additional 999,315 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of J. M. Smucker by 12,722.3% during the fourth quarter. International Assets Investment Management LLC now owns 334,022 shares of the company’s stock worth $42,214,000 after purchasing an additional 331,417 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. TD Cowen cut their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Citigroup cut their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus upgraded 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. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $137.47.

J. M. Smucker Price Performance

Shares of SJM traded up $3.66 during trading hours on Friday, reaching $114.76. 1,396,793 shares of the company traded hands, compared to its average volume of 1,107,130. 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 stock has a market capitalization of $12.19 billion, a PE ratio of -130.41, a price-to-earnings-growth ratio of 1.83 and a beta of 0.21. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The stock has a fifty day simple moving average of $121.08 and a 200 day simple moving average of $120.65.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the company earned $2.21 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts predict that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

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

Insider Buying and Selling

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.50% of the stock is currently owned by company insiders.

About J. M. Smucker

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.