Stifel Financial Corp Reduces Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Stifel Financial Corp decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,433 shares of the company's stock after selling 22,028 shares during the period. Stifel Financial Corp owned approximately 0.14% of J. M. Smucker worth $16,239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in J. M. Smucker in the 3rd quarter worth about $682,000. Tidal Investments LLC lifted its stake in shares of J. M. Smucker by 1.3% in the 3rd quarter. Tidal Investments LLC now owns 15,038 shares of the company's stock valued at $1,821,000 after purchasing an additional 190 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of J. M. Smucker by 4.5% in the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company's stock worth $16,405,000 after buying an additional 5,790 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of J. M. Smucker by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock valued at $85,251,000 after acquiring an additional 31,745 shares during the period. Finally, Versant Capital Management Inc grew its position in J. M. Smucker by 106.3% in the 4th quarter. Versant Capital Management Inc now owns 526 shares of the company's stock worth $58,000 after purchasing an additional 271 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

SJM has been the topic of several recent analyst reports. Barclays decreased their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Morgan Stanley started coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $126.50.

J. M. Smucker Price Performance

Shares of NYSE SJM traded up $0.82 during mid-day trading on Wednesday, reaching $116.11. The company had a trading volume of 435,593 shares, compared to its average volume of 1,252,593. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.42. The business's 50-day simple moving average is $113.73 and its 200 day simple moving average is $111.73.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. On average, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

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.