The J. M. Smucker Company (NYSE:SJM) Shares Sold by Bokf Na

Bokf Na trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 1.7% in the second quarter, Holdings Channel.com reports. The fund owned 8,066 shares of the company’s stock after selling 143 shares during the period. Bokf Na’s holdings in J. M. Smucker were worth $880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SJM. Principal Securities Inc. acquired a new stake in J. M. Smucker in the 4th quarter valued at about $43,000. Principal Financial Group Inc. lifted its stake in J. M. Smucker by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 140,347 shares of the company’s stock valued at $17,737,000 after buying an additional 4,172 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in J. M. Smucker by 16.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,535 shares of the company’s stock valued at $700,000 after buying an additional 783 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in J. M. Smucker by 129.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,420 shares of the company’s stock valued at $306,000 after buying an additional 1,366 shares in the last quarter. Finally, Fiera Capital Corp purchased a new stake in J. M. Smucker during the fourth quarter valued at about $518,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the sale, the chief executive officer now owns 78,757 shares in the company, valued at $8,675,871.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Trading Up 2.3 %

Shares of SJM stock opened at $120.74 on Monday. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The business’s 50 day moving average is $117.97 and its two-hundred day moving average is $116.17. The company has a market cap of $12.85 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 3.13 and a beta of 0.24. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm posted $2.21 earnings per share. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. Equities analysts predict that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.58%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s payout ratio is 60.67%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup reduced their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Argus reduced their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. TD Cowen reduced their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Bank of America reduced their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $127.25.

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.