The J. M. Smucker Company $SJM Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 70.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,521 shares of the company’s stock after selling 17,518 shares during the quarter. Jefferies Financial Group Inc.’s holdings in J. M. Smucker were worth $736,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SJM. CYBER HORNET ETFs LLC acquired a new stake in shares of J. M. Smucker during the second quarter worth $27,000. MUFG Securities EMEA plc acquired a new stake in shares of J. M. Smucker during the second quarter worth $31,000. Rothschild Investment LLC boosted its holdings in shares of J. M. Smucker by 100.4% during the third quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock worth $62,000 after purchasing an additional 284 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of J. M. Smucker by 22.9% during the third quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after purchasing an additional 109 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $66,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SJM shares. Sanford C. Bernstein decreased their price objective on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company decreased their price objective on J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 price objective on shares of J. M. Smucker in a report on Wednesday, May 20th. Stifel Nicolaus decreased their price objective on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Finally, Morgan Stanley decreased their price objective on J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $116.35.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $103.31 on Friday. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $119.39. The stock has a market capitalization of $11.02 billion, a P/E ratio of -8.76, a PEG ratio of 7.04 and a beta of 0.25. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The business’s fifty day moving average price is $97.56 and its 200 day moving average price is $102.01.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the firm earned $2.61 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.03 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

J. M. Smucker Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.