Greenleaf Trust Has $651,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Greenleaf Trust reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,500 shares of the company's stock after selling 2,460 shares during the period. Greenleaf Trust's holdings in J. M. Smucker were worth $651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SJM. Atria Investments Inc boosted its holdings in J. M. Smucker by 11.0% in the fourth quarter. Atria Investments Inc now owns 7,812 shares of the company's stock worth $860,000 after purchasing an additional 773 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in J. M. Smucker during the fourth quarter valued at about $4,802,000. Raymond James Financial Inc. bought a new stake in J. M. Smucker during the fourth quarter valued at about $32,988,000. Daiwa Securities Group Inc. boosted its holdings in J. M. Smucker by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,039 shares of the company's stock valued at $1,546,000 after acquiring an additional 1,005 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in J. M. Smucker by 14.4% during the fourth quarter. Independent Advisor Alliance now owns 5,841 shares of the company's stock valued at $643,000 after acquiring an additional 737 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SJM shares. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target for the company in a report on Wednesday. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and decreased their price target for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. Wells Fargo & Company decreased their price target on shares of J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, June 11th. Finally, Bank of America decreased their price target on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $117.33.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock traded up $0.09 during trading on Friday, hitting $104.75. 1,874,668 shares of the stock were exchanged, compared to its average volume of 1,313,326. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of -9.06, a price-to-earnings-growth ratio of 7.89 and a beta of 0.31. The company has a fifty day moving average price of $106.02 and a 200-day moving average price of $108.66. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 was Friday, May 16th. J. M. Smucker's dividend payout ratio is currently -37.37%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction on Thursday, June 12th. The stock was purchased at an average price of $96.09 per share, with a total value of $100,894.50. Following the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.24% of the stock is owned by corporate insiders.

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.