The J. M. Smucker Company (NYSE:SJM) Shares Sold by Coastline Trust Co

Coastline Trust Co trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 33.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,470 shares of the company’s stock after selling 750 shares during the period. Coastline Trust Co’s holdings in J. M. Smucker were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Advisors Ltd. LLC raised its holdings in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Kieckhefer Group LLC purchased a new position in J. M. Smucker during the fourth quarter worth approximately $33,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker during the fourth quarter worth approximately $39,000. Finally, Sandy Spring Bank grew its holdings in J. M. Smucker by 1,365.5% in the 4th quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after buying an additional 396 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SJM shares. Barclays lowered 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 research report on Monday, March 3rd. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. DA Davidson lowered their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, Morgan Stanley started coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Stock Performance

NYSE SJM opened at $116.39 on Friday. The company has a market cap of $12.39 billion, a P/E ratio of 23.56, a P/E/G ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a 50-day moving average of $111.98 and a two-hundred day moving average of $111.78.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate 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, analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.71%. J. M. Smucker’s 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.