Weaver C. Barksdale & Associates Inc. Sells 210 Shares of The J. M. Smucker Company (NYSE:SJM)

Weaver C. Barksdale & Associates Inc. lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 10,602 shares of the company’s stock after selling 210 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in J. M. Smucker were worth $1,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SJM. Studio Investment Management LLC bought a new position in J. M. Smucker in the 2nd quarter valued at about $26,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $33,000. Rothschild Investment LLC bought a new position in J. M. Smucker in the second quarter valued at approximately $42,000. Principal Securities Inc. acquired a new position in J. M. Smucker during the fourth quarter valued at approximately $43,000. Finally, Central Valley Advisors LLC bought a new stake in J. M. Smucker during the second quarter worth $45,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of several recent analyst reports. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Saturday, September 14th. Barclays lowered their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Bank of America reduced their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company lowered their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $127.25.

J. M. Smucker Trading Down 1.0 %

NYSE SJM opened at $119.29 on Friday. The firm has a market capitalization of $12.67 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 3.20 and a beta of 0.24. The business’s 50-day moving average price is $118.62 and its two-hundred day moving average price is $116.19. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 earnings per share. On average, analysts expect that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a dividend yield of 3.62%. J. M. Smucker’s dividend payout ratio is 60.67%.

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.