Allstate Corp Makes New $361,000 Investment in The J. M. Smucker Company (NYSE:SJM)

Allstate Corp purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,279 shares of the company’s stock, valued at approximately $361,000.

Other large investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake 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 purchased a new position in shares of J. M. Smucker in the 4th quarter worth approximately $28,000. Kieckhefer Group LLC bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. purchased a new stake in J. M. Smucker during the fourth quarter valued at approximately $39,000. Finally, Sandy Spring Bank boosted its stake in J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after acquiring an additional 396 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 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 transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. DA Davidson lowered their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their target price 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. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Morgan Stanley began coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective on the stock. Finally, Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $125.67.

J. M. Smucker Trading Down 0.1 %

Shares of SJM opened at $118.44 on Thursday. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The stock has a market cap of $12.60 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The firm’s fifty day moving average is $109.16 and its two-hundred day moving average is $112.20. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

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

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. J. M. Smucker’s dividend payout ratio 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.