Los Angeles Capital Management LLC Sells 14,083 Shares of The J. M. Smucker Company (NYSE:SJM)

Los Angeles Capital Management LLC lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 18.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,849 shares of the company’s stock after selling 14,083 shares during the quarter. Los Angeles Capital Management LLC’s holdings in J. M. Smucker were worth $7,911,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SJM. Sound View Wealth Advisors Group LLC grew its position in J. M. Smucker by 1.6% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after purchasing an additional 81 shares during the last quarter. Tradition Wealth Management LLC grew its holdings in shares of J. M. Smucker by 7.3% during the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after buying an additional 83 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its position in J. M. Smucker by 2.0% during the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after acquiring an additional 97 shares during the period. First National Trust Co grew its stake in J. M. Smucker by 4.9% during the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock valued at $267,000 after purchasing an additional 99 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its stake in shares of J. M. Smucker by 1.4% in the fourth quarter. Wealthspire Advisors LLC now owns 7,067 shares of the company’s stock worth $893,000 after purchasing an additional 101 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the transaction, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

SJM has been the topic of a number of recent research reports. Barclays dropped their target price on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Argus reduced their target price on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. DA Davidson lowered their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. lifted their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $132.64.

J. M. Smucker Trading Up 0.2 %

Shares of NYSE:SJM opened at $112.35 on Thursday. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.23. The business’s 50 day moving average price is $112.73 and its 200-day moving average price is $120.78. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The J. M. Smucker Company has a 1 year low of $106.32 and a 1 year high of $153.96.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business earned $2.64 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts forecast that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s payout ratio is 59.55%.

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.