Stock Yards Bank & Trust Co. Decreases Stake in The J. M. Smucker Company (NYSE:SJM)

Stock Yards Bank & Trust Co. lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,398 shares of the company’s stock after selling 815 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in J. M. Smucker were worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of J. M. Smucker during the 3rd quarter valued at about $464,000. Citigroup Inc. boosted its position in shares of J. M. Smucker by 15.1% during the 3rd quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock valued at $34,103,000 after acquiring an additional 36,296 shares during the last quarter. Ardevora Asset Management LLP purchased a new position in shares of J. M. Smucker during the 4th quarter valued at about $11,147,000. Vest Financial LLC raised its holdings in shares of J. M. Smucker by 58.3% during the 4th quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock valued at $30,085,000 after buying an additional 87,682 shares in the last quarter. Finally, Comerica Bank purchased a new position in J. M. Smucker in the 3rd quarter worth approximately $5,522,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Up 2.4 %

NYSE SJM opened at $117.46 on Tuesday. 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 twelve month low of $107.33 and a twelve month high of $159.92. The firm has a market capitalization of $12.47 billion, a PE ratio of -133.48, a P/E/G ratio of 1.83 and a beta of 0.21. The stock’s 50 day moving average is $120.83 and its 200 day moving average is $120.66.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company posted $2.21 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Research analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is -481.81%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stifel Nicolaus raised J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, February 28th. DA Davidson began coverage on J. M. Smucker in a research note on Friday, March 1st. They set a “neutral” rating and a $132.00 target price on the stock. TD Cowen reduced their target price on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Citigroup reduced their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.47.

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.