The J. M. Smucker Company (NYSE:SJM) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 6.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,217 shares of the company’s stock after selling 599 shares during the period. Sanctuary Advisors LLC’s holdings in J. M. Smucker were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. &PARTNERS grew its stake in shares of J. M. Smucker by 15.3% in the 2nd quarter. &PARTNERS now owns 4,376 shares of the company’s stock valued at $477,000 after buying an additional 581 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in J. M. Smucker by 20.2% during the second quarter. Raymond James Trust N.A. now owns 4,536 shares of the company’s stock valued at $495,000 after purchasing an additional 763 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in J. M. Smucker by 4.0% during the 2nd quarter. SlateStone Wealth LLC now owns 3,990 shares of the company’s stock valued at $435,000 after purchasing an additional 154 shares during the last quarter. State of Michigan Retirement System increased its holdings in J. M. Smucker by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock valued at $3,659,000 after purchasing an additional 100 shares in the last quarter. Finally, Trajan Wealth LLC increased its position in J. M. Smucker by 2.4% in the 2nd quarter. Trajan Wealth LLC now owns 34,922 shares of the company’s stock valued at $3,808,000 after acquiring an additional 829 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s 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 sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. DA Davidson reissued a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, Bank of America dropped their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $128.56.

J. M. Smucker Stock Performance

Shares of SJM opened at $109.89 on Monday. The stock’s 50-day simple moving average is $115.13 and its 200 day simple moving average is $115.94. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 3.46 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62.

J. M. Smucker (NYSE:SJM) last released its quarterly 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 for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.59 earnings per share. Research analysts forecast that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

J. M. Smucker 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.