Stock Yards Bank & Trust Co. Has $840,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

Stock Yards Bank & Trust Co. decreased its position in The J. M. Smucker Company (NYSE:SJM) by 13.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,630 shares of the company’s stock after selling 1,149 shares during the period. Stock Yards Bank & Trust Co.’s holdings in J. M. Smucker were worth $840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. Venturi Wealth Management LLC boosted its position in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at $33,000. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker in the 3rd quarter worth about $39,000. Quarry LP grew its stake in shares of J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after buying an additional 219 shares in the last quarter. Finally, Eastern Bank bought a new stake in J. M. Smucker in the third quarter worth approximately $40,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Stock Down 0.9 %

SJM opened at $105.95 on Tuesday. The J. M. Smucker Company has a fifty-two week low of $99.81 and a fifty-two week high of $133.85. The stock has a fifty day moving average of $109.79 and a 200-day moving average of $114.80. The company has a market capitalization of $11.27 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.26 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last issued its 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. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted $2.59 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s payout ratio is currently 87.45%.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated 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 transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

SJM has been the topic of several analyst reports. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Barclays dropped their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $126.78.

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.