Bank of New Hampshire Decreases Stake in The J. M. Smucker Company (NYSE:SJM)

Bank of New Hampshire trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 78.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,845 shares of the company’s stock after selling 6,700 shares during the quarter. Bank of New Hampshire’s holdings in J. M. Smucker were worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its stake in J. M. Smucker by 300.0% in the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Valley National Advisers Inc. increased its stake in J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after purchasing an additional 272 shares during the last quarter. Lindbrook Capital LLC increased its stake in J. M. Smucker by 77.1% during the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after acquiring an additional 178 shares during the last quarter. Planned Solutions Inc. acquired a new stake in J. M. Smucker during the fourth quarter worth about $59,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in J. M. Smucker by 23.2% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker 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 directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Wednesday, February 28th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. DA Davidson initiated coverage on J. M. Smucker in a research report on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price for the company. Citigroup decreased their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, TD Cowen decreased their target price on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $137.47.

J. M. Smucker Stock Performance

NYSE:SJM traded down $3.37 during trading hours on Thursday, reaching $115.18. 1,441,510 shares of the stock were exchanged, compared to its average volume of 1,272,816. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The firm has a 50 day simple moving average of $120.63 and a 200-day simple moving average of $120.68. The J. M. Smucker Company has a 52 week low of $107.33 and a 52 week high of $159.92. The stock has a market capitalization of $12.23 billion, a P/E ratio of -134.71, a P/E/G ratio of 1.88 and a beta of 0.21.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 EPS. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company 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 dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

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.