Thrivent Financial for Lutherans Reduces Stock Position in The J. M. Smucker Company (NYSE:SJM)

Thrivent Financial for Lutherans lowered its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 556,207 shares of the company's stock after selling 23,696 shares during the period. Thrivent Financial for Lutherans owned 0.52% of J. M. Smucker worth $61,249,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares during the period. Kentucky Trust Co purchased a new position in shares of J. M. Smucker in the fourth quarter worth about $28,000. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker during the 4th quarter valued at approximately $33,000. Hantz Financial Services Inc. bought a new position in J. M. Smucker in the 4th quarter worth approximately $39,000. Finally, Venturi Wealth Management LLC grew its stake in J. M. Smucker by 95.1% in the 4th quarter. Venturi Wealth Management LLC now owns 474 shares of the company's stock valued at $52,000 after buying an additional 231 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

SJM stock traded up $2.06 during mid-day trading on Monday, hitting $111.76. 1,427,217 shares of the stock were exchanged, compared to its average volume of 1,131,032. The business has a fifty day moving average price of $107.00 and a 200 day moving average price of $112.36. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.91 and a beta of 0.28.

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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 (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker's payout ratio is presently -179.25%.

Analysts Set New Price Targets

SJM has been the topic of a number of analyst reports. TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus decreased 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. Morgan Stanley initiated coverage on shares of J. M. Smucker in a report on Monday. They set an "overweight" rating and a $123.00 target price on the stock. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Finally, DA Davidson reduced 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 research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $125.67.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by 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.