The J. M. Smucker Company (NYSE:SJM) Shares Sold by Joseph Group Capital Management

Joseph Group Capital Management decreased its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 98.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 445 shares of the company's stock after selling 23,284 shares during the period. Joseph Group Capital Management's holdings in J. M. Smucker were worth $53,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in J. M. Smucker in the fourth quarter valued at approximately $27,000. Minot DeBlois Advisors LLC purchased a new position in J. M. Smucker in the fourth quarter valued at approximately $28,000. Cooksen Wealth LLC purchased a new position in J. M. Smucker in the first quarter valued at approximately $33,000. Measured Risk Portfolios Inc. purchased a new position in J. M. Smucker in the fourth quarter valued at approximately $29,000. Finally, Menard Financial Group LLC purchased a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insider Activity

In other news, Director Tarang Amin purchased 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director owned 3,825 shares in the company, valued at $367,544.25. The trade was a 37.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.24% of the company's stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Stifel Nicolaus dropped their price objective on shares of J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research note on Wednesday, June 11th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and dropped their price objective for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday. Finally, Bank of America dropped 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 research note on Wednesday, June 11th. Six 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.33.

J. M. Smucker Stock Performance

SJM stock traded up $0.09 during trading on Friday, hitting $104.75. 1,874,668 shares of the company's stock traded hands, compared to its average volume of 1,313,326. 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 J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42. The stock has a fifty day moving average price of $106.02 and a two-hundred day moving average price of $108.66. 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.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $2.66 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate 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 was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is -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.