The J. M. Smucker Company (NYSE:SJM) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. cut its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 71.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,603 shares of the company’s stock after selling 4,000 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in J. M. Smucker were worth $203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SJM. Wolverine Asset Management LLC increased its position in shares of J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after buying an additional 272 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of J. M. Smucker by 77.1% during the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after buying an additional 178 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at about $59,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in J. M. Smucker by 23.2% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’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 value of $399,264.00. Following the completion of the transaction, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

J. M. Smucker Trading Up 0.9 %

Shares of SJM stock opened at $114.65 on Tuesday. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.92. The firm has a market cap of $12.17 billion, a PE ratio of -130.28, a price-to-earnings-growth ratio of 1.81 and a beta of 0.21. The company has a 50-day moving average of $119.91 and a two-hundred day moving average of $120.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38.

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

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.70%. J. M. Smucker’s dividend payout ratio is presently -481.81%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays increased their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday. DA Davidson initiated coverage on J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price for the company. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Wednesday, February 28th. Finally, TD Cowen dropped 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 report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $137.47.

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.