CHICAGO TRUST Co NA Sells 1,609 Shares of The J. M. Smucker Company (NYSE:SJM)

CHICAGO TRUST Co NA decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 23.0% in the 1st quarter, Holdings Channel reports. The fund owned 5,392 shares of the company’s stock after selling 1,609 shares during the quarter. CHICAGO TRUST Co NA’s holdings in J. M. Smucker were worth $679,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC boosted its position in shares of J. M. Smucker by 300.0% in the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. Advantage Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter worth $25,000. Cooksen Wealth LLC bought a new stake in J. M. Smucker during the fourth quarter valued at $33,000. Valley National Advisers Inc. boosted its stake in J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after buying an additional 272 shares during the period. Finally, Principal Securities Inc. bought a new position in J. M. Smucker in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the transaction, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the transaction, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on SJM shares. JPMorgan Chase & Co. boosted their price target on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Barclays decreased their price target on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. Citigroup upped their price objective on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, June 7th. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. Finally, DA Davidson decreased their price objective on J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $132.64.

J. M. Smucker Price Performance

Shares of SJM stock opened at $111.86 on Tuesday. The business’s fifty day moving average is $112.70 and its 200 day moving average is $120.66. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.17 and a beta of 0.23. The J. M. Smucker Company has a twelve month low of $106.32 and a twelve month high of $153.94.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.34. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $2.64 earnings per share. Research analysts expect that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.79%. J. M. Smucker’s dividend payout ratio is currently 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.