The J. M. Smucker Company $SJM Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its holdings in The J. M. Smucker Company (NYSE:SJM) by 71.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,082 shares of the company’s stock after selling 7,581 shares during the quarter. Savant Capital LLC’s holdings in J. M. Smucker were worth $301,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the 2nd quarter worth about $27,000. MUFG Securities EMEA plc acquired a new position in J. M. Smucker in the 2nd quarter worth about $31,000. Rothschild Investment LLC raised its holdings in J. M. Smucker by 100.4% in the 3rd quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock worth $62,000 after purchasing an additional 284 shares during the period. IFP Advisors Inc raised its holdings in J. M. Smucker by 22.9% in the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after purchasing an additional 109 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in J. M. Smucker in the 4th quarter worth about $66,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $103.62 on Friday. The business has a 50 day simple moving average of $97.90 and a two-hundred day simple moving average of $101.75. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. The stock has a market capitalization of $11.05 billion, a P/E ratio of -8.79, a PEG ratio of 6.99 and a beta of 0.27. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.2%. J. M. Smucker’s dividend payout ratio is presently -37.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SJM. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a report on Thursday, April 9th. UBS Group reduced their price target on J. M. Smucker from $132.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Monday, April 20th. Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, February 23rd. Finally, Sanford C. Bernstein reduced their target price on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.71.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.