Rodgers Brothers Inc. Sells 14,935 Shares of The J. M. Smucker Company (NYSE:SJM)

Rodgers Brothers Inc. trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,602 shares of the company's stock after selling 14,935 shares during the period. Rodgers Brothers Inc.'s holdings in J. M. Smucker were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its position in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Kentucky Trust Co bought a new stake in J. M. Smucker in the fourth quarter worth $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker during the fourth quarter worth $33,000. Hantz Financial Services Inc. acquired a new position in J. M. Smucker during the fourth quarter worth $39,000. Finally, Sandy Spring Bank raised its holdings in J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock valued at $47,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Buying and Selling

In other news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction on 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 sale, the chief financial officer now owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

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J. M. Smucker Trading Down 0.0 %

SJM stock traded down $0.00 during midday trading on Tuesday, reaching $118.41. The stock had a trading volume of 1,147,064 shares, compared to its average volume of 1,176,619. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 3.91 and a beta of 0.28. The business has a fifty day simple moving average of $108.84 and a two-hundred day simple moving average of $112.15.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.23 billion. As a group, research 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 given a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. J. M. Smucker's dividend payout ratio is currently -179.25%.

Wall Street Analyst Weigh In

SJM has been the subject of several analyst reports. DA Davidson reduced their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 target price for the company. Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, Stifel Nicolaus decreased their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $125.67.

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.