The J. M. Smucker Company (NYSE:SJM) Stock Position Cut by Cornerstone Capital Inc.

Cornerstone Capital Inc. trimmed its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 28.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,395 shares of the company's stock after selling 21,245 shares during the period. Cornerstone Capital Inc.'s holdings in J. M. Smucker were worth $5,770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its holdings in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the 4th quarter worth $33,000. Hantz Financial Services Inc. bought a new position in shares of J. M. Smucker during the fourth quarter worth about $39,000. Finally, Sandy Spring Bank lifted its position in J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after buying an additional 396 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of SJM stock opened at $116.39 on Friday. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42. The firm's 50-day moving average is $111.98 and its two-hundred day moving average is $111.83. The company has a market capitalization of $12.39 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.71%. J. M. Smucker's payout ratio is -179.25%.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SJM has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and reduced their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Morgan Stanley began coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 target price on the stock. DA Davidson lowered their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, Barclays cut their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.

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