The J. M. Smucker Company (NYSE:SJM) Shares Sold by Bokf Na

Bokf Na cut its stake in The J. M. Smucker Company (NYSE:SJM) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,066 shares of the company’s stock after selling 143 shares during the period. Bokf Na’s holdings in J. M. Smucker were worth $880,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SJM. Studio Investment Management LLC acquired a new stake in J. M. Smucker in the second quarter valued at $26,000. Cooksen Wealth LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at $33,000. Rothschild Investment LLC acquired a new stake in J. M. Smucker in the second quarter valued at $42,000. Principal Securities Inc. acquired a new stake in J. M. Smucker in the fourth quarter valued at $43,000. Finally, Central Valley Advisors LLC acquired a new stake in J. M. Smucker in the second quarter valued at $45,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SJM. Wells Fargo & Company cut their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a research note on Thursday, August 29th. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays lowered their target price on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Finally, TD Cowen lowered their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $127.25.

J. M. Smucker Stock Up 2.3 %

J. M. Smucker stock opened at $120.74 on Monday. The company has a 50-day simple moving average of $117.97 and a 200-day simple moving average of $116.17. The firm has a market capitalization of $12.85 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.13 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 EPS. As a group, equities analysts expect that The J. M. Smucker Company will post 9.82 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio is currently 60.67%.

Insider Activity at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 78,757 shares in the company, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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.