Teachers Retirement System of The State of Kentucky Sells 449 Shares of The J. M. Smucker Company (NYSE:SJM)

Teachers Retirement System of The State of Kentucky lessened its position in The J. M. Smucker Company (NYSE:SJM) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,146 shares of the company’s stock after selling 449 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in J. M. Smucker were worth $986,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SJM. Studio Investment Management LLC acquired a new position in J. M. Smucker in the second quarter valued at about $26,000. Venturi Wealth Management LLC boosted its holdings in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares in the last quarter. Quarry LP grew its position in J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker during the 3rd quarter valued at $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker in the 3rd quarter valued at $40,000. Institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SJM shares. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $125.00 in a report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen lowered their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America reduced their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup lowered their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $128.56.

J. M. Smucker Trading Down 3.8 %

Shares of NYSE SJM opened at $110.23 on Thursday. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The firm has a market capitalization of $11.73 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.46 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company’s 50 day simple moving average is $115.43 and its 200 day simple moving average is $115.97.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.59 EPS. On average, analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.92%. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

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.