Parallel Advisors LLC Sells 569 Shares of The J. M. Smucker Company (NYSE:SJM)

Parallel Advisors LLC trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,017 shares of the company’s stock after selling 569 shares during the period. Parallel Advisors LLC’s holdings in J. M. Smucker were worth $442,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SJM. Oppenheimer & Co. Inc. bought a new stake in J. M. Smucker in the third quarter worth $207,000. Empowered Funds LLC boosted its stake in shares of J. M. Smucker by 381.3% during the 3rd quarter. Empowered Funds LLC now owns 9,237 shares of the company’s stock worth $1,119,000 after acquiring an additional 7,318 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of J. M. Smucker by 12.5% during the 3rd quarter. Natixis Advisors LLC now owns 15,520 shares of the company’s stock worth $1,879,000 after acquiring an additional 1,724 shares in the last quarter. Pathstone Holdings LLC boosted its position in J. M. Smucker by 1.5% during the third quarter. Pathstone Holdings LLC now owns 15,369 shares of the company’s stock worth $1,861,000 after purchasing an additional 233 shares during the period. Finally, Caprock Group LLC boosted its position in J. M. Smucker by 37.2% during the third quarter. Caprock Group LLC now owns 5,397 shares of the company’s stock worth $654,000 after purchasing an additional 1,463 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SJM has been the subject of a number of recent analyst reports. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Thursday. 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 report on Friday, January 24th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. DA Davidson decreased their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, Barclays decreased their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.00.

J. M. Smucker Price Performance

Shares of SJM stock opened at $109.78 on Friday. The company has a market capitalization of $11.68 billion, a P/E ratio of 22.22, a P/E/G ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.15. The stock has a 50 day moving average of $107.00 and a two-hundred day moving average of $112.46. 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 quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business 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 dividend yield of 3.94%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

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.