The J. M. Smucker Company (NYSE:SJM) Shares Sold by ICW Investment Advisors LLC

ICW Investment Advisors LLC lowered its position in The J. M. Smucker Company (NYSE:SJM) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,764 shares of the company’s stock after selling 108 shares during the quarter. ICW Investment Advisors LLC’s holdings in J. M. Smucker were worth $304,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its stake in shares of J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont lifted its stake in shares of J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock worth $301,000 after acquiring an additional 108 shares during the period. Conestoga Capital Advisors LLC lifted its stake in shares of J. M. Smucker by 6.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after acquiring an additional 115 shares during the period. Code Waechter LLC lifted its stake in shares of J. M. Smucker by 2.5% in the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after acquiring an additional 124 shares during the period. Finally, Trivant Custom Portfolio Group LLC lifted its stake in J. M. Smucker by 35.7% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock valued at $52,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SJM has been the subject of several recent research reports. Stifel Nicolaus cut their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. DA Davidson cut their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday. Barclays cut their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Wells Fargo & Company increased their target price 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $126.00.

J. M. Smucker Stock Up 0.4 %

J. M. Smucker stock opened at $109.78 on Monday. The firm has a market cap of $11.68 billion, a PE ratio of 22.22, a P/E/G ratio of 3.91 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. The firm’s 50 day moving average price is $107.00 and its two-hundred day moving average price is $112.36. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.15.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.94%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

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.