Clean Yield Group Sells 577 Shares of The J. M. Smucker Company (NYSE:SJM)

Clean Yield Group lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 10.5% in the first quarter, Holdings Channel reports. The firm owned 4,940 shares of the company’s stock after selling 577 shares during the period. Clean Yield Group’s holdings in J. M. Smucker were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SJM. Capital Advisors Ltd. LLC boosted its position in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after purchasing an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter worth approximately $27,000. Kentucky Trust Co acquired a new position in shares of J. M. Smucker during the fourth quarter worth approximately $28,000. Minot DeBlois Advisors LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth approximately $28,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter worth approximately $29,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $110.62 on Friday. The business has a fifty day simple moving average of $113.88 and a 200 day simple moving average of $111.24. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11.77 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.42.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.91%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SJM. Jefferies Financial Group reiterated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, May 28th. Wall Street Zen upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. UBS Group cut their price target on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a report on Friday. Barclays cut their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $125.30.

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.