Saybrook Capital NC Lowers Position in The J. M. Smucker Company (NYSE:SJM)

Saybrook Capital NC lessened its position in The J. M. Smucker Company (NYSE:SJM) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,350 shares of the company’s stock after selling 250 shares during the quarter. Saybrook Capital NC’s holdings in J. M. Smucker were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter worth $27,000. Clear Street Markets LLC increased its holdings in shares of J. M. Smucker by 97.2% in the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of J. M. Smucker in the 1st quarter worth $33,000. Valley National Advisers Inc. increased its holdings in shares of J. M. Smucker by 2,266.7% in the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after purchasing an additional 272 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of J. M. Smucker in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM traded down $0.09 during trading hours on Tuesday, reaching $110.11. The stock had a trading volume of 194,064 shares, compared to its average volume of 1,254,146. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of -125.23, a PEG ratio of 1.75 and a beta of 0.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The firm has a 50-day moving average of $122.62 and a 200-day moving average of $120.93.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.21. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. J. M. Smucker’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 earnings per share. Equities research analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $1.06 dividend. The ex-dividend date was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.85%. J. M. Smucker’s dividend payout ratio (DPR) is -481.81%.

Analysts Set New Price Targets

SJM has been the topic of a number of research reports. Citigroup dropped their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. DA Davidson started coverage on shares of J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price for the company. TD Cowen reduced their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $137.47.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.50% 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.