The J. M. Smucker Company (NYSE:SJM) Shares Sold by Park National Corp OH

Park National Corp OH cut its position in shares of The J. M. Smucker Company (NYSE:SJM) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,360 shares of the company’s stock after selling 268 shares during the quarter. Park National Corp OH’s holdings in J. M. Smucker were worth $260,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Studio Investment Management LLC acquired a new stake in J. M. Smucker in the 2nd quarter valued at about $26,000. Venturi Wealth Management LLC lifted its holdings in shares of 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 in the last quarter. Quarry LP grew its position in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $39,000. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $40,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SJM has been the topic of a number of analyst reports. Barclays lowered their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $121.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average price target of $127.33.

J. M. Smucker Stock Performance

NYSE:SJM opened at $105.36 on Thursday. The J. M. Smucker Company has a fifty-two week low of $104.27 and a fifty-two week high of $134.62. The firm’s 50 day moving average is $113.04 and its two-hundred day moving average is $115.77. The company has a market cap of $11.21 billion, a P/E ratio of 21.33, a P/E/G ratio of 3.46 and a beta of 0.28. 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 issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.59 earnings per share. Analysts expect that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.10%. J. M. Smucker’s payout ratio is 87.45%.

About J. M. Smucker

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.