The J. M. Smucker Company (NYSE:SJM) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its stake in The J. M. Smucker Company (NYSE:SJM) by 9.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,836 shares of the company’s stock after selling 389 shares during the period. Cullen Frost Bankers Inc.’s holdings in J. M. Smucker were worth $422,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its holdings in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new stake in J. M. Smucker in the fourth quarter valued at $28,000. Venturi Wealth Management LLC raised its holdings in J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at $33,000. Finally, Hantz Financial Services Inc. acquired a new stake in J. M. Smucker in the fourth quarter valued at $39,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SJM. Barclays cut their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Wells Fargo & Company boosted 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. Stifel Nicolaus lowered 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. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $126.13.

J. M. Smucker Stock Up 5.2 %

J. M. Smucker stock opened at $117.29 on Friday. The company has a 50-day simple moving average of $106.28 and a 200-day simple moving average of $112.87. The firm has a market capitalization of $12.48 billion, a P/E ratio of 23.74, 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 J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during 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%. As a group, equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.68%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the 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 represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by insiders.

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.