Yousif Capital Management LLC Sells 7,677 Shares of The J. M. Smucker Company (NYSE:SJM)

Yousif Capital Management LLC trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,758 shares of the company's stock after selling 7,677 shares during the quarter. Yousif Capital Management LLC owned approximately 0.06% of J. M. Smucker worth $6,470,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SJM. Venturi Wealth Management LLC boosted its position in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Kieckhefer Group LLC bought a new stake in J. M. Smucker during the 4th quarter valued at approximately $33,000. Catalyst Capital Advisors LLC bought a new stake in J. M. Smucker during the 3rd quarter valued at approximately $39,000. Hantz Financial Services Inc. bought a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $39,000. Finally, Eastern Bank bought a new stake in shares of J. M. Smucker in the 3rd quarter worth approximately $40,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SJM. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Barclays dropped 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. Finally, Stifel Nicolaus dropped their price target 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. One investment analyst has rated the stock with a sell rating, seven have assigned 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 an average price target of $126.78.

J. M. Smucker Stock Performance

SJM traded down $0.19 during mid-day trading on Monday, reaching $103.09. 583,000 shares of the company traded hands, compared to its average volume of 966,395. The stock has a market capitalization of $10.97 billion, a P/E ratio of 20.88, a P/E/G ratio of 3.15 and a beta of 0.27. 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 company's fifty day moving average price is $108.61 and its 200-day moving average price is $114.44. The J. M. Smucker Company has a 52-week low of $99.81 and a 52-week high of $130.79.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 EPS. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 4.19%. J. M. Smucker's dividend payout ratio (DPR) is 87.45%.

Insider Transactions at J. M. Smucker

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

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.