Saybrook Capital NC Has $297,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Saybrook Capital NC decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,350 shares of the company’s stock after selling 250 shares during the quarter. Saybrook Capital NC’s holdings in J. M. Smucker were worth $297,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new position in J. M. Smucker during the 3rd quarter worth $464,000. Citigroup Inc. lifted its stake in shares of J. M. Smucker by 15.1% in the 3rd quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock valued at $34,103,000 after purchasing an additional 36,296 shares during the period. Vest Financial LLC lifted its stake in shares of J. M. Smucker by 58.3% in the 4th quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock valued at $30,085,000 after purchasing an additional 87,682 shares during the period. Comerica Bank acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $5,522,000. Finally, Northern Trust Corp lifted its stake in shares of J. M. Smucker by 2.1% in the 3rd quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock valued at $179,170,000 after purchasing an additional 29,728 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SJM. Citigroup lowered their price objective on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Wednesday, February 28th. Barclays raised their price objective on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. raised their price objective on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, TD Cowen cut their price objective on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker has an average rating of “Hold” and an average price target of $137.47.

J. M. Smucker Trading Down 0.1 %

Shares of NYSE:SJM traded down $0.09 during mid-day trading on Tuesday, reaching $110.11. 194,064 shares of the company’s stock were exchanged, compared to its average volume of 1,254,146. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of -125.23, a PEG ratio of 1.75 and a beta of 0.21. The business’s fifty day moving average price is $122.62 and its 200-day moving average price is $120.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The J. M. Smucker Company has a twelve month low of $107.33 and a twelve month high of $159.92.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. J. M. Smucker’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 earnings per share. On average, research analysts predict that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $1.06 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.24 annualized dividend and a yield of 3.85%. J. M. Smucker’s payout ratio is -481.81%.

J. M. Smucker 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.