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

D.A. Davidson & CO. reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 70.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SJM. Victory Capital Management Inc. boosted its stake in J. M. Smucker by 13.6% in the fourth quarter. Victory Capital Management Inc. now owns 172,860 shares of the company's stock valued at $19,035,000 after acquiring an additional 20,748 shares in the last quarter. Atria Investments Inc increased its position in J. M. Smucker by 11.0% during the fourth quarter. Atria Investments Inc now owns 7,812 shares of the company's stock worth $860,000 after buying an additional 773 shares during the period. Proficio Capital Partners LLC purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $4,802,000. Raymond James Financial Inc. purchased a new position in shares of J. M. Smucker during the fourth quarter worth approximately $32,988,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at $402,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insiders Place Their Bets

In other news, Director Tarang Amin acquired 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of $96.09 per share, with a total value of $100,894.50. Following the purchase, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.24% of the company's stock.

J. M. Smucker Trading Up 0.1%

Shares of NYSE SJM traded up $0.09 during midday trading on Friday, reaching $104.75. 1,874,668 shares of the stock were exchanged, compared to its average volume of 1,314,192. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $11.16 billion, a P/E ratio of -9.06, a P/E/G ratio of 7.89 and a beta of 0.31. The stock has a 50 day moving average price of $106.02 and a 200-day moving average price of $108.64. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

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

J. M. Smucker Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SJM shares. Barclays dropped their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 11th. Royal Bank Of Canada started coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 target price on the stock. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a research report on Wednesday. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of "Moderate Buy" and an average price target of $117.33.

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.