US Bancorp DE Sells 3,374 Shares of The J. M. Smucker Company (NYSE:SJM)

US Bancorp DE cut its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,797 shares of the company's stock after selling 3,374 shares during the period. US Bancorp DE's holdings in J. M. Smucker were worth $4,162,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its stake in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 151 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the 4th quarter worth $28,000. Venturi Wealth Management LLC increased its stake in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after purchasing an additional 226 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker in the 4th quarter worth $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter worth $39,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

SJM stock traded up $5.80 during trading on Friday, reaching $117.29. The company's stock had a trading volume of 2,432,079 shares, compared to its average volume of 1,245,593. The company's fifty day moving average is $106.28 and its 200-day moving average is $112.87. 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 market capitalization of $12.48 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

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J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS 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 during the quarter, compared to the consensus estimate of $2.23 billion. On average, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares of the company's stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company's stock.

Analyst Ratings Changes

SJM has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Barclays reduced their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price objective on 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, StockNews.com lowered J. M. Smucker from a "hold" rating to a "sell" rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of "Hold" and a consensus price target of $126.13.

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.