New York State Common Retirement Fund Sells 3,000 Shares of The J. M. Smucker Company (NYSE:SJM)

New York State Common Retirement Fund decreased its position in The J. M. Smucker Company (NYSE:SJM) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,975 shares of the company’s stock after selling 3,000 shares during the period. New York State Common Retirement Fund owned about 0.06% of J. M. Smucker worth $7,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of J. M. Smucker by 18.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,723 shares of the company’s stock valued at $386,000 after buying an additional 572 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in J. M. Smucker by 4.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,494 shares of the company’s stock valued at $495,000 after acquiring an additional 173 shares during the period. Venturi Wealth Management LLC lifted its holdings in J. M. Smucker by 95.1% during the fourth quarter. Venturi Wealth Management LLC now owns 474 shares of the company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. CIBC Asset Management Inc boosted its position in J. M. Smucker by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 18,600 shares of the company’s stock worth $2,048,000 after purchasing an additional 461 shares during the period. Finally, Philip James Wealth Mangement LLC increased its stake in shares of J. M. Smucker by 302.3% in the fourth quarter. Philip James Wealth Mangement LLC now owns 8,190 shares of the company’s stock worth $902,000 after purchasing an additional 6,154 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SJM has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays reduced their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus dropped their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.78.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

J. M. Smucker Stock Performance

NYSE:SJM opened at $109.24 on Thursday. The stock has a market cap of $11.62 billion, a P/E ratio of 22.11, a PEG ratio of 3.91 and a beta of 0.27. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $106.16 and its two-hundred day moving average price is $113.26. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.59.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 earnings per share. As a group, equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.95%. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

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.