Richard C. Young & CO. LTD. Sells 714 Shares of The J. M. Smucker Company (NYSE:SJM)

Richard C. Young & CO. LTD. lessened its position in shares of The J. M. Smucker Company (NYSE:SJM) by 8.3% in the 4th quarter, HoldingsChannel reports. The fund owned 7,901 shares of the company’s stock after selling 714 shares during the period. Richard C. Young & CO. LTD.’s holdings in J. M. Smucker were worth $870,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after acquiring an additional 958,142 shares during the last quarter. State Street Corp increased its stake in J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of J. M. Smucker by 891.3% in the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after buying an additional 521,404 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of J. M. Smucker by 4,996.0% during the third quarter. International Assets Investment Management LLC now owns 207,202 shares of the company’s stock worth $25,092,000 after buying an additional 203,136 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after buying an additional 192,748 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Up 0.1 %

SJM stock opened at $103.27 on Friday. The J. M. Smucker Company has a one year low of $99.81 and a one year high of $133.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm’s fifty day moving average is $108.61 and its 200 day moving average is $114.46. The firm has a market cap of $10.99 billion, a PE ratio of 20.90, a P/E/G ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the business earned $2.59 EPS. J. M. Smucker’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s payout ratio is 87.45%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SJM shares. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays decreased their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $126.78.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.40% of the company’s stock.

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.