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

Keybank National Association OH lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 32,432 shares of the company’s stock after selling 422 shares during the period. Keybank National Association OH’s holdings in J. M. Smucker were worth $3,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. Farther Finance Advisors LLC raised its holdings in J. M. Smucker by 28.2% during the third quarter. Farther Finance Advisors LLC now owns 2,046 shares of the company’s stock worth $248,000 after purchasing an additional 450 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of J. M. Smucker by 10.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 124,280 shares of the company’s stock valued at $15,050,000 after acquiring an additional 12,008 shares during the period. Van ECK Associates Corp increased its holdings in shares of J. M. Smucker by 5.7% in the 3rd quarter. Van ECK Associates Corp now owns 4,718 shares of the company’s stock valued at $555,000 after acquiring an additional 255 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $39,000. Finally, Radnor Capital Management LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $1,174,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SJM. TD Cowen cut shares of 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 report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Barclays cut their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday. Stifel Nicolaus cut their target price on shares of 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, StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $126.13.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

NYSE:SJM opened at $109.32 on Thursday. The firm’s fifty day moving average price is $106.17 and its 200 day moving average price is $112.99. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

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

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.