The J. M. Smucker Company (NYSE:SJM) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 9,441 shares of the company’s stock after selling 250 shares during the quarter. Radnor Capital Management LLC’s holdings in J. M. Smucker were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Probity Advisors Inc. boosted its stake in J. M. Smucker by 1.1% during the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the last quarter. Anchor Investment Management LLC lifted its position in shares of J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after purchasing an additional 99 shares during the last quarter. Romano Brothers AND Company grew its stake in J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after purchasing an additional 100 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after buying an additional 100 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in J. M. Smucker by 11.0% during the third quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on SJM. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, Barclays lowered 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 research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average price target of $127.33.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $100.53 on Thursday. The firm’s 50 day moving average is $112.13 and its two-hundred day moving average is $115.64. The firm has a market capitalization of $10.70 billion, a P/E ratio of 20.35, a PEG ratio of 3.08 and a beta of 0.28. 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 J. M. Smucker Company has a 52 week low of $100.31 and a 52 week high of $134.62.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm earned $2.59 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 4.30%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

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.