Yousif Capital Management LLC Has $7.91 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Yousif Capital Management LLC lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,552 shares of the company’s stock after selling 1,567 shares during the period. Yousif Capital Management LLC’s holdings in J. M. Smucker were worth $7,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolverine Asset Management LLC grew its stake in J. M. Smucker by 300.0% during the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC purchased a new position in J. M. Smucker during the 4th quarter valued at about $186,000. New York State Common Retirement Fund grew its stake in J. M. Smucker by 6.9% during the 4th quarter. New York State Common Retirement Fund now owns 155,225 shares of the company’s stock valued at $19,617,000 after acquiring an additional 10,044 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in J. M. Smucker by 264.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 78,578 shares of the company’s stock valued at $9,931,000 after acquiring an additional 57,030 shares in the last quarter. Finally, PDS Planning Inc purchased a new position in J. M. Smucker during the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

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 transaction of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup lowered their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Barclays boosted their price target on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. DA Davidson assumed coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target for the company. Stifel Nicolaus raised 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. Finally, JPMorgan Chase & Co. boosted their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.47.

J. M. Smucker Stock Up 0.7 %

Shares of J. M. Smucker stock opened at $118.55 on Thursday. The stock has a market capitalization of $12.59 billion, a P/E ratio of -134.71, a PEG ratio of 1.88 and a beta of 0.21. 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 50 day moving average price of $120.63 and a two-hundred day moving average price of $120.68. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. The firm had revenue of $2.23 billion during 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 company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 earnings per share. Equities analysts expect that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.58%. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

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.