Greenleaf Trust Sells 388 Shares of The J. M. Smucker Company (NYSE:SJM)

Greenleaf Trust cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,214 shares of the company’s stock after selling 388 shares during the quarter. Greenleaf Trust’s holdings in J. M. Smucker were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Shell Asset Management Co. grew its position in J. M. Smucker by 4.4% in the 3rd quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock worth $268,000 after purchasing an additional 93 shares during the period. Gallagher Fiduciary Advisors LLC grew its position in J. M. Smucker by 2.0% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after purchasing an additional 97 shares during the period. Oppenheimer & Co. Inc. grew its position in J. M. Smucker by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,882 shares of the company’s stock worth $231,000 after purchasing an additional 98 shares during the period. Oliver Lagore Vanvalin Investment Group grew its position in J. M. Smucker by 23.2% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares during the period. Finally, Formidable Asset Management LLC grew its position in J. M. Smucker by 4.8% in the 3rd quarter. Formidable Asset Management LLC now owns 2,279 shares of the company’s stock worth $280,000 after purchasing an additional 105 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $117.46 on Tuesday. The J. M. Smucker Company has a 52 week low of $107.33 and a 52 week high of $159.92. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The company’s fifty day simple moving average is $120.83 and its two-hundred day simple moving average is $120.66.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.27 by $0.21. The business had revenue of $2.23 billion for 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 business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 EPS. As a group, research analysts predict that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker’s dividend payout ratio is -481.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SJM shares. 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. JPMorgan Chase & Co. boosted their price objective on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, February 28th. DA Davidson began coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price objective for the company. Finally, Citigroup dropped their target price on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $137.47.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

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.