The J. M. Smucker Company (NYSE:SJM) Shares Sold by Park National Corp OH

Park National Corp OH decreased its position in The J. M. Smucker Company (NYSE:SJM) by 10.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,360 shares of the company’s stock after selling 268 shares during the period. Park National Corp OH’s holdings in J. M. Smucker were worth $260,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Studio Investment Management LLC acquired a new stake in J. M. Smucker during the 2nd quarter valued at $26,000. Venturi Wealth Management LLC grew its stake in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Quarry LP increased its position in shares of J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker in the third quarter worth about $39,000. Finally, Eastern Bank purchased a new position in J. M. Smucker in the third quarter valued at about $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SJM has been the topic of a number of recent analyst reports. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $130.00 to $121.00 in a research report on Wednesday. Wells Fargo & Company increased their price objective 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. Barclays dropped their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average target price of $127.33.

J. M. Smucker Price Performance

SJM opened at $105.36 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average price is $113.04 and its 200 day moving average price is $115.77. The J. M. Smucker Company has a fifty-two week low of $104.27 and a fifty-two week high of $134.62. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 3.46 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.10%. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

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.