The J. M. Smucker Company (NYSE:SJM) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,779 shares of the company’s stock after selling 391 shares during the period. Stock Yards Bank & Trust Co.’s holdings in J. M. Smucker were worth $1,063,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Soltis Investment Advisors LLC acquired a new position in J. M. Smucker during the 3rd quarter valued at about $202,000. TD Private Client Wealth LLC raised its holdings in shares of J. M. Smucker by 9.7% during the third quarter. TD Private Client Wealth LLC now owns 3,768 shares of the company’s stock valued at $456,000 after buying an additional 334 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of J. M. Smucker by 13.4% during the third quarter. Coldstream Capital Management Inc. now owns 19,503 shares of the company’s stock worth $2,357,000 after buying an additional 2,303 shares during the period. Geller Advisors LLC bought a new position in J. M. Smucker in the 3rd quarter worth approximately $245,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in J. M. Smucker by 5.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 336,159 shares of the company’s stock worth $40,709,000 after buying an additional 18,417 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SJM has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Bank of America lowered their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Citigroup cut their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $128.56.

J. M. Smucker Trading Up 0.2 %

Shares of NYSE SJM opened at $113.52 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 3.18 and a beta of 0.26. The business has a fifty day simple moving average of $115.76 and a 200-day simple moving average of $115.82.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 earnings per share. Sell-side analysts predict that The J. M. Smucker Company will post 9.9 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s payout ratio is 87.45%.

About J. M. Smucker

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.