The J. M. Smucker Company (NYSE:SJM) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,677 shares of the company’s stock after selling 170 shares during the period. Securian Asset Management Inc.’s holdings in J. M. Smucker were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Advisors Ltd. LLC grew its holdings in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co acquired a new stake in J. M. Smucker in the fourth quarter valued at $28,000. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at $33,000. Finally, Hantz Financial Services Inc. acquired a new stake in J. M. Smucker in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SJM shares. Barclays lowered their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. DA Davidson lowered their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Stifel Nicolaus reduced 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. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $126.00.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Performance

NYSE SJM opened at $111.62 on Monday. The business’s 50-day moving average price is $106.53 and its 200 day moving average price is $112.58. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.59. The company has a market capitalization of $11.88 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.91 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.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.87%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

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.