PNC Financial Services Group Inc. Sells 5,567 Shares of The J. M. Smucker Company (NYSE:SJM)

PNC Financial Services Group Inc. decreased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,104 shares of the company's stock after selling 5,567 shares during the quarter. PNC Financial Services Group Inc. owned about 0.12% of J. M. Smucker worth $14,437,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SJM. Van ECK Associates Corp lifted its holdings in shares of J. M. Smucker by 5.7% in the third quarter. Van ECK Associates Corp now owns 4,718 shares of the company's stock valued at $555,000 after buying an additional 255 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of J. M. Smucker by 4.5% in the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company's stock valued at $16,405,000 after buying an additional 5,790 shares during the period. Fiera Capital Corp acquired a new stake in shares of J. M. Smucker in the third quarter valued at $473,000. CWA Asset Management Group LLC acquired a new stake in shares of J. M. Smucker during the third quarter worth $269,000. Finally, Sigma Planning Corp raised its position in shares of J. M. Smucker by 5.1% during the third quarter. Sigma Planning Corp now owns 4,115 shares of the company's stock worth $498,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SJM. TD Cowen lowered 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 report on Wednesday, January 8th. DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday. Barclays cut their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned 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 $126.00.

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Insider Transactions at J. M. Smucker

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

J. M. Smucker Stock Up 0.6 %

SJM stock traded up $0.65 during mid-day trading on Thursday, hitting $111.68. The stock had a trading volume of 1,300,658 shares, compared to its average volume of 1,124,694. 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 J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.59. The company has a fifty day moving average of $106.52 and a 200 day moving average of $112.72. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.87%. J. M. Smucker's dividend payout ratio (DPR) is presently -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.