Blair William & Co. IL Sells 13,855 Shares of The J. M. Smucker Company (NYSE:SJM)

Blair William & Co. IL cut its position in shares of The J. M. Smucker Company (NYSE:SJM) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,494 shares of the company’s stock after selling 13,855 shares during the quarter. Blair William & Co. IL owned approximately 0.06% of J. M. Smucker worth $7,322,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SJM. Salem Investment Counselors Inc. grew its position in J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after acquiring an additional 100 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of J. M. Smucker by 4.1% during the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after purchasing an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in J. M. Smucker by 6.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after purchasing an additional 115 shares during the period. Mendel Money Management lifted its stake in J. M. Smucker by 3.1% in the fourth quarter. Mendel Money Management now owns 3,933 shares of the company’s stock worth $433,000 after purchasing an additional 117 shares during the last quarter. Finally, Code Waechter LLC boosted its position in J. M. Smucker by 2.5% during the fourth quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock valued at $553,000 after buying an additional 124 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SJM shares. Barclays lowered their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Morgan Stanley began coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective for the company. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday. DA Davidson lowered their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $125.67.

J. M. Smucker Trading Down 0.5 %

NYSE:SJM opened at $116.13 on Friday. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.75. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $108.21 and a 200-day moving average price of $112.20. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 3.91 and a beta of 0.28.

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

J. M. Smucker Dividend Announcement

The company also recently disclosed 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. This represents a $4.32 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently -179.25%.

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.