Radnor Capital Management LLC Decreases Position in The J. M. Smucker Company (NYSE:SJM)

Radnor Capital Management LLC lowered its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,441 shares of the company’s stock after selling 348 shares during the quarter. Radnor Capital Management LLC’s holdings in J. M. Smucker were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC boosted its stake in J. M. Smucker by 32.7% in the third quarter. Kestra Advisory Services LLC now owns 6,963 shares of the company’s stock valued at $856,000 after acquiring an additional 1,714 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of J. M. Smucker by 6.6% in the third quarter. Rafferty Asset Management LLC now owns 7,604 shares of the company’s stock valued at $935,000 after purchasing an additional 473 shares during the period. FMR LLC increased its stake in J. M. Smucker by 32.2% in the 3rd quarter. FMR LLC now owns 646,827 shares of the company’s stock valued at $79,501,000 after purchasing an additional 157,443 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of J. M. Smucker during the 3rd quarter worth $6,384,000. Finally, LPL Financial LLC lifted its holdings in shares of J. M. Smucker by 9.9% in the third quarter. LPL Financial LLC now owns 89,710 shares of the company’s stock valued at $11,026,000 after purchasing an additional 8,084 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SJM shares. Barclays dropped their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research note on Monday, June 10th. DA Davidson dropped their price target on J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Citigroup increased their price objective on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, June 7th. JPMorgan Chase & Co. upped their price objective on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $132.64.

View Our Latest Stock Report on J. M. Smucker

Insider Buying and Selling

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

J. M. Smucker Stock Performance

SJM traded down $1.00 during trading on Friday, reaching $108.70. 2,017,984 shares of the company’s stock were exchanged, compared to its average volume of 1,293,941. The business has a 50 day moving average price of $112.66 and a 200 day moving average price of $120.70. The company has a market capitalization of $11.54 billion, a P/E ratio of 15.27, a PEG ratio of 2.19 and a beta of 0.23. The J. M. Smucker Company has a fifty-two week low of $106.32 and a fifty-two week high of $153.94. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88.

J. M. Smucker (NYSE:SJMGet Free Report) last released its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.64 earnings per share. As a group, analysts predict that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $1.06 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.90%. J. M. Smucker’s dividend payout ratio (DPR) is presently 59.55%.

About J. M. Smucker

(Free Report)

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.

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:SJMFree Report).

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.