California Public Employees Retirement System Sells 10,313 Shares of The J. M. Smucker Company (NYSE:SJM)

California Public Employees Retirement System lowered its position in The J. M. Smucker Company (NYSE:SJM) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 632,208 shares of the company’s stock after selling 10,313 shares during the quarter. California Public Employees Retirement System’s holdings in J. M. Smucker were worth $79,898,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. lifted its position in shares of J. M. Smucker by 2,266.7% in the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after acquiring an additional 272 shares during the period. Lindbrook Capital LLC lifted its position in shares of J. M. Smucker by 77.1% during the 4th quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after buying an additional 178 shares during the period. Planned Solutions Inc. bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $59,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of J. M. Smucker by 23.2% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after buying an additional 100 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of J. M. Smucker by 171.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 535 shares of the company’s stock worth $66,000 after buying an additional 338 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.7 %

NYSE SJM opened at $118.55 on Thursday. The stock has a fifty day moving average of $120.63 and a 200-day moving average of $120.68. The stock has a market capitalization of $12.59 billion, a P/E ratio of -134.71, a price-to-earnings-growth ratio of 1.88 and a beta of 0.21. The J. M. Smucker Company has a 52 week low of $107.33 and a 52 week high of $159.92. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company earned $2.21 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research 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. Stockholders of record on Friday, May 17th will be given a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.58%. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SJM. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. raised their target price on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. DA Davidson initiated coverage on J. M. Smucker in a report on Friday, March 1st. They set a “neutral” rating and a $132.00 price target for the company. TD Cowen dropped their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, Citigroup dropped their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.47.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.

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.