Kentucky Retirement Systems Sells 101 Shares of The J. M. Smucker Company (NYSE:SJM)

Kentucky Retirement Systems lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,314 shares of the company’s stock after selling 101 shares during the quarter. Kentucky Retirement Systems’ holdings in J. M. Smucker were worth $805,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. State Street Corp grew its position in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after acquiring an additional 762,746 shares during the last quarter. FMR LLC grew its position in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after acquiring an additional 958,142 shares during the last quarter. Nordea Investment Management AB grew its position in J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after acquiring an additional 192,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in J. M. Smucker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock valued at $119,966,000 after acquiring an additional 13,276 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in J. M. Smucker by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company’s stock valued at $85,251,000 after acquiring an additional 31,745 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM stock opened at $110.93 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 3.91 and a beta of 0.27. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.59. The stock has a fifty day simple moving average of $106.22 and a two-hundred day simple moving average of $113.33.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. On average, analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is currently 87.45%.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on SJM shares. Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus cut their price objective 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. Barclays cut their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price of $126.78.

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.