The J. M. Smucker Company (NYSE:SJM) Shares Sold by Manning & Napier Group LLC

Manning & Napier Group LLC trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 18.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,477 shares of the company's stock after selling 8,234 shares during the quarter. Manning & Napier Group LLC's holdings in J. M. Smucker were worth $4,736,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Intrepid Capital Management Inc. bought a new stake in J. M. Smucker in the second quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter valued at $27,000. Clear Street Markets LLC increased its position in shares of J. M. Smucker by 97.2% during the first quarter. Clear Street Markets LLC now owns 211 shares of the company's stock worth $33,000 after buying an additional 104 shares during the period. Sunbelt Securities Inc. bought a new position in J. M. Smucker during the first quarter worth $33,000. Finally, West Tower Group LLC acquired a new position in J. M. Smucker in the second quarter valued at $35,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Up 0.1 %

Shares of J. M. Smucker stock traded up $0.15 on Friday, hitting $125.87. The company had a trading volume of 1,267,510 shares, compared to its average volume of 1,163,178. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of -143.03, a P/E/G ratio of 2.01 and a beta of 0.21. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92. The stock has a 50 day moving average of $125.87 and a 200-day moving average of $121.74.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same period last year, the business earned $2.21 EPS. The business's revenue was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $1.06 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.24 annualized dividend and a yield of 3.37%. J. M. Smucker's dividend payout ratio (DPR) is -481.81%.

Wall Street Analyst Weigh In

SJM has been the subject of several research analyst reports. Citigroup lowered their price objective on J. M. Smucker from $153.00 to $152.00 and set a "buy" rating for the company in a research report on Wednesday, February 28th. Barclays increased their price target on J. M. Smucker from $129.00 to $132.00 and gave the stock an "equal weight" rating in a report on Thursday, February 29th. JPMorgan Chase & Co. boosted their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. StockNews.com cut shares of J. M. Smucker from a "hold" rating to a "sell" rating in a report on Sunday. Finally, DA Davidson started coverage on shares of J. M. Smucker in a report on Friday, March 1st. They set a "neutral" rating and a $132.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of "Hold" and an average price target of $137.20.

Insiders Place Their Bets

In related news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company's stock.

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.