Parkside Financial Bank & Trust Sells 332 Shares of The J. M. Smucker Company (NYSE:SJM)

Parkside Financial Bank & Trust trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 38.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 534 shares of the company’s stock after selling 332 shares during the quarter. Parkside Financial Bank & Trust’s holdings in J. M. Smucker were worth $67,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SJM. Campbell & CO Investment Adviser LLC acquired a new stake in shares of J. M. Smucker in the third quarter valued at approximately $464,000. Citigroup Inc. increased its holdings in J. M. Smucker by 15.1% during the third quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock worth $34,103,000 after buying an additional 36,296 shares during the last quarter. Ardevora Asset Management LLP acquired a new position in J. M. Smucker during the fourth quarter worth $11,147,000. Vest Financial LLC increased its holdings in J. M. Smucker by 58.3% during the fourth quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock worth $30,085,000 after buying an additional 87,682 shares during the last quarter. Finally, Comerica Bank acquired a new position in J. M. Smucker during the third quarter worth $5,522,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SJM shares. Citigroup reduced their price objective on shares of 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. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, February 28th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. DA Davidson initiated coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.47.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by insiders.

J. M. Smucker Trading Down 2.8 %

SJM opened at $115.18 on Friday. The J. M. Smucker Company has a twelve month low of $107.33 and a twelve month high of $159.92. The company has a 50-day simple moving average of $120.50 and a 200 day simple moving average of $120.67. 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 stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of -130.88, a P/E/G ratio of 1.89 and a beta of 0.21.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.27 by $0.21. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $2.21 earnings per share. Analysts predict that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $1.06 dividend. 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 is currently -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.