The J. M. Smucker Company (NYSE:SJM) Shares Sold by Coastline Trust Co

Coastline Trust Co lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 33.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,470 shares of the company’s stock after selling 750 shares during the period. Coastline Trust Co’s holdings in J. M. Smucker were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SJM. Salem Investment Counselors Inc. boosted its position in shares of J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont lifted its stake in J. M. Smucker by 4.1% in the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after buying an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of J. M. Smucker by 6.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock valued at $203,000 after acquiring an additional 115 shares during the period. Mendel Money Management grew its position in shares of J. M. Smucker by 3.1% during the fourth quarter. Mendel Money Management now owns 3,933 shares of the company’s stock worth $433,000 after acquiring an additional 117 shares during the last quarter. Finally, Code Waechter LLC increased its holdings in shares of J. M. Smucker by 2.5% in the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock valued at $553,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of recent research reports. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Morgan Stanley initiated coverage on J. M. Smucker in a report on Monday, March 24th. They set an “overweight” rating and a $123.00 price target on the stock. TD Cowen downgraded 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, January 8th. Barclays decreased their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, 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 report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.67.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business’s 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 sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill R. Penrose sold 5,117 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Up 1.4 %

Shares of SJM stock opened at $116.39 on Friday. The business’s fifty day moving average price is $111.98 and its 200 day moving average price is $111.78. The firm has a market capitalization of $12.39 billion, a PE ratio of 23.56, a P/E/G ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.71%. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

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.