First National Trust Co Sells 379 Shares of The J. M. Smucker Company (NYSE:SJM)

First National Trust Co cut its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,723 shares of the company’s stock after selling 379 shares during the period. First National Trust Co’s holdings in J. M. Smucker were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SJM. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker during the second quarter worth $26,000. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares during the last quarter. Quarry LP increased its position in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after acquiring an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of J. M. Smucker in the third quarter worth about $39,000. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker during the third quarter worth approximately $40,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SJM shares. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Citigroup lowered their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company dropped their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, Barclays decreased their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $126.42.

J. M. Smucker Trading Down 0.9 %

NYSE SJM opened at $111.02 on Thursday. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 3.20 and a beta of 0.25. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The stock’s 50 day moving average price is $117.72 and its two-hundred day moving average price is $115.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 EPS. As a group, analysts anticipate that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.89%. J. M. Smucker’s dividend payout ratio is presently 61.10%.

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.