Stephens Inc. AR Cuts Stock Position in The J. M. Smucker Company (NYSE:SJM)

Stephens Inc. AR cut its position in The J. M. Smucker Company (NYSE:SJM) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,599 shares of the company’s stock after selling 1,151 shares during the period. Stephens Inc. AR’s holdings in J. M. Smucker were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in J. M. Smucker during the third quarter worth approximately $73,000. Exchange Traded Concepts LLC raised its holdings in shares of J. M. Smucker by 3,128.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,260 shares of the company’s stock worth $274,000 after acquiring an additional 2,190 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of J. M. Smucker by 22.1% during the 3rd quarter. Wesbanco Bank Inc. now owns 4,043 shares of the company’s stock worth $490,000 after acquiring an additional 733 shares during the period. Swedbank AB boosted its position in shares of J. M. Smucker by 2.2% during the 3rd quarter. Swedbank AB now owns 130,460 shares of the company’s stock valued at $15,799,000 after acquiring an additional 2,842 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of J. M. Smucker by 30.2% in the third quarter. Vontobel Holding Ltd. now owns 64,199 shares of the company’s stock valued at $7,774,000 after purchasing an additional 14,896 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of several analyst reports. Barclays reduced their price target on shares of 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. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus decreased their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $121.00 in a research note 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 company’s stock. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average price target of $126.78.

J. M. Smucker Stock Up 1.3 %

J. M. Smucker stock opened at $104.38 on Wednesday. The stock has a market cap of $11.11 billion, a PE ratio of 21.13, a P/E/G ratio of 3.15 and a beta of 0.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock’s fifty day moving average is $108.02 and its two-hundred day moving average is $114.25. The J. M. Smucker Company has a 1-year low of $99.81 and a 1-year high of $130.79.

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

J. M. Smucker Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 4.14%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is owned by corporate insiders.

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.