Bank of New Hampshire Sells 6,700 Shares of The J. M. Smucker Company (NYSE:SJM)

Bank of New Hampshire trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 78.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,845 shares of the company's stock after selling 6,700 shares during the quarter. Bank of New Hampshire's holdings in J. M. Smucker were worth $233,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of J. M. Smucker by 9.3% during the third quarter. Invesco Ltd. now owns 1,777,750 shares of the company's stock worth $218,503,000 after purchasing an additional 151,389 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of J. M. Smucker by 487.5% during the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company's stock worth $178,961,000 after purchasing an additional 1,210,837 shares during the period. Northern Trust Corp raised its holdings in shares of J. M. Smucker by 2.1% during the third quarter. Northern Trust Corp now owns 1,457,736 shares of the company's stock worth $179,170,000 after purchasing an additional 29,728 shares during the period. Nordea Investment Management AB increased its holdings in shares of J. M. Smucker by 363.8% in the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company's stock worth $160,258,000 after acquiring an additional 999,315 shares during the period. Finally, Tandem Investment Advisors Inc. increased its holdings in shares of J. M. Smucker by 6.5% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 659,904 shares of the company's stock worth $81,109,000 after acquiring an additional 40,308 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Down 2.8 %

Shares of SJM traded down $3.37 during midday trading on Thursday, hitting $115.18. The stock had a trading volume of 1,445,430 shares, compared to its average volume of 1,272,865. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The business has a 50-day simple moving average of $120.50 and a two-hundred day simple moving average of $120.67. The firm has a market cap of $12.23 billion, a P/E ratio of -130.88, a price-to-earnings-growth ratio of 1.88 and a beta of 0.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

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

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Thursday, May 16th. J. M. Smucker's dividend payout ratio is currently -481.81%.

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of analyst reports. Stifel Nicolaus raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price objective on the stock in a report on Wednesday, February 28th. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, April 8th. DA Davidson began coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They set a "neutral" rating and a $132.00 target price on the stock. TD Cowen lowered their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 10th. Finally, Barclays raised their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an "equal weight" rating in a research note on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $137.47.

Insider Buying and Selling

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

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.