US Bancorp DE Has $4.16 Million Stake in The J. M. Smucker Company (NYSE:SJM)

US Bancorp DE decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,797 shares of the company’s stock after selling 3,374 shares during the quarter. US Bancorp DE’s holdings in J. M. Smucker were worth $4,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SJM. Capital Advisors Ltd. LLC grew its holdings in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co bought a new stake in shares of J. M. Smucker during the fourth quarter worth about $28,000. Venturi Wealth Management LLC grew its holdings 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 worth $29,000 after purchasing an additional 226 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of J. M. Smucker during the fourth quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of J. M. Smucker during the third quarter worth about $39,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $109.32 on Thursday. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59. The stock’s 50 day moving average price is $106.17 and its two-hundred day moving average price is $112.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This 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 is available through this link. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays reduced their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday. Stifel Nicolaus reduced their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $126.13.

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.