The J. M. Smucker Company (NYSE:SJM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 70.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,460 shares of the company's stock after selling 22,890 shares during the quarter. D.A. Davidson & CO.'s holdings in J. M. Smucker were worth $1,120,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Utah Retirement Systems raised its holdings in J. M. Smucker by 0.6% in the fourth quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock valued at $1,888,000 after acquiring an additional 100 shares in the last quarter. Wallace Capital Management Inc. raised its holdings in J. M. Smucker by 4.9% in the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after acquiring an additional 100 shares in the last quarter. Mendel Money Management raised its holdings in J. M. Smucker by 3.1% in the fourth quarter. Mendel Money Management now owns 3,933 shares of the company's stock valued at $433,000 after acquiring an additional 117 shares in the last quarter. Rowlandmiller & PARTNERS.ADV raised its holdings in J. M. Smucker by 2.6% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock worth $551,000 after purchasing an additional 119 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in J. M. Smucker by 15.0% during the fourth quarter. GeoWealth Management LLC now owns 967 shares of the company's stock worth $106,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group cut their price objective on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Bank of America cut their price objective on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and cut their price objective for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. Finally, Wells Fargo & Company cut their target price on shares of J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $117.33.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the transaction, the director owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.24% of the company's stock.

J. M. Smucker Stock Performance

NYSE:SJM traded up $0.09 during midday trading on Friday, reaching $104.75. The stock had a trading volume of 1,847,622 shares, compared to its average volume of 1,312,270. The firm has a fifty day simple moving average of $106.22 and a two-hundred day simple moving average of $108.71. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market cap of $11.16 billion, a P/E ratio of -9.06, a P/E/G ratio of 7.85 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the firm posted $2.66 EPS. J. M. Smucker's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 4.12%. J. M. Smucker's payout ratio is currently -37.37%.

J. M. Smucker 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.