Farmers Trust Co. Sells 235 Shares of The J. M. Smucker Company (NYSE:SJM)

Farmers Trust Co. lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,737 shares of the company’s stock after selling 235 shares during the quarter. Farmers Trust Co.’s holdings in J. M. Smucker were worth $1,072,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $26,000. Venturi Wealth Management LLC raised its position in 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 acquiring an additional 226 shares in the last quarter. Quarry LP grew its position in shares of 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 during the period. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker during the 3rd quarter worth about $39,000. Finally, Eastern Bank bought a new stake in shares of J. M. Smucker in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by insiders.

J. M. Smucker Price Performance

Shares of NYSE SJM traded down $2.68 during midday trading on Wednesday, reaching $104.79. The company’s stock had a trading volume of 840,036 shares, compared to its average volume of 940,721. The company has a market cap of $11.15 billion, a P/E ratio of 21.21, a P/E/G ratio of 3.46 and a beta of 0.28. The J. M. Smucker Company has a fifty-two week low of $104.27 and a fifty-two week high of $134.62. 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 business’s 50 day moving average price is $113.21 and its two-hundred day moving average price is $115.84.

J. M. Smucker (NYSE:SJM) last released its 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 company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 EPS. On average, analysts forecast that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s payout ratio is presently 87.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays lowered their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $125.00 in a report on Friday, October 25th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. 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. Finally, TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research note on Wednesday. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $127.33.

About J. M. Smucker

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.