Centaurus Financial Inc. Sells 944 Shares of The J. M. Smucker Company (NYSE:SJM)

Centaurus Financial Inc. cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,571 shares of the company’s stock after selling 944 shares during the quarter. Centaurus Financial Inc.’s holdings in J. M. Smucker were worth $199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SJM. Sound View Wealth Advisors Group LLC boosted its position in shares of J. M. Smucker by 1.6% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after purchasing an additional 81 shares in the last quarter. Tradition Wealth Management LLC boosted its position in shares of J. M. Smucker by 7.3% during the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after purchasing an additional 83 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its position in shares of J. M. Smucker by 2.0% during the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after purchasing an additional 97 shares in the last quarter. First National Trust Co boosted its position in shares of J. M. Smucker by 4.9% during the fourth quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after purchasing an additional 99 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of J. M. Smucker by 1.4% during the fourth quarter. Wealthspire Advisors LLC now owns 7,067 shares of the company’s stock worth $893,000 after purchasing an additional 101 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

SJM has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. DA Davidson cut their price objective on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. TD Cowen cut their price objective on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Wednesday, February 28th. Finally, Barclays cut their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $132.64.

Insider Buying and Selling 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 shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

J. M. Smucker Stock Up 0.2 %

J. M. Smucker stock opened at $112.35 on Wednesday. The firm has a market capitalization of $11.93 billion, a PE ratio of 15.79, a P/E/G ratio of 2.23 and a beta of 0.23. The company’s 50-day moving average is $112.86 and its 200-day moving average is $120.83. The J. M. Smucker Company has a fifty-two week low of $106.32 and a fifty-two week high of $153.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.32 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. J. M. Smucker’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.64 EPS. Sell-side analysts anticipate that The J. M. Smucker Company will post 10.06 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s dividend payout ratio is currently 59.55%.

About J. M. Smucker

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.