The J. M. Smucker Company (NYSE:SJM) Shares Sold by Probity Advisors Inc.

Probity Advisors Inc. decreased its holdings in The J. M. Smucker Company (NYSE:SJMGet Rating) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,015 shares of the company’s stock after selling 966 shares during the period. Probity Advisors Inc.’s holdings in J. M. Smucker were worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth $81,056,000. Wedge Capital Management L L P NC raised its holdings in shares of J. M. Smucker by 7,256.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 254,096 shares of the company’s stock valued at $34,511,000 after buying an additional 250,642 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of J. M. Smucker in the third quarter valued at about $226,000. Virginia Retirement Systems ET AL purchased a new position in J. M. Smucker during the fourth quarter worth about $14,940,000. Finally, Voloridge Investment Management LLC raised its holdings in J. M. Smucker by 512.9% during the third quarter. Voloridge Investment Management LLC now owns 127,501 shares of the company’s stock worth $15,304,000 after purchasing an additional 106,699 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

SJM has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of J. M. Smucker in a research note on Wednesday, March 30th. They set a “sell” rating and a $123.00 price objective on the stock. StockNews.com initiated coverage on shares of J. M. Smucker in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup reduced their price objective on shares of J. M. Smucker from $138.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 2nd. William Blair reissued a “market perform” rating on shares of J. M. Smucker in a research note on Tuesday, March 1st. Finally, Credit Suisse Group cut their price target on shares of J. M. Smucker from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $132.77.

SJM traded down $0.48 during trading hours on Friday, reaching $144.23. 1,014,366 shares of the stock traded hands, compared to its average volume of 717,461. The firm’s fifty day simple moving average is $136.56 and its two-hundred day simple moving average is $134.97. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 27.16 and a beta of 0.27. The J. M. Smucker Company has a fifty-two week low of $118.55 and a fifty-two week high of $146.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.57.

J. M. Smucker (NYSE:SJMGet Rating) last released its quarterly earnings results on Tuesday, March 1st. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.25. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.04 billion. J. M. Smucker had a net margin of 7.31% and a return on equity of 11.30%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $2.45 EPS. On average, research analysts predict that The J. M. Smucker Company will post 8.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, May 12th. J. M. Smucker’s dividend payout ratio is currently 74.58%.

J. M. Smucker Company Profile (Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; 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 ingredient.

See Also

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The J. M. Smucker Company (NYSE:SJMGet Rating).

Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

Receive News & Ratings for J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.