Delta Investment Management LLC Sells 563 Shares of The J. M. Smucker Company (NYSE:SJM)

Delta Investment Management LLC reduced its position in The J. M. Smucker Company (NYSE:SJM) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,989 shares of the company’s stock after selling 563 shares during the quarter. Delta Investment Management LLC’s holdings in J. M. Smucker were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of J. M. Smucker by 487.5% during the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after acquiring an additional 1,210,837 shares during the period. Nordea Investment Management AB raised its holdings in shares of J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after buying an additional 999,315 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of J. M. Smucker by 12,722.3% in the fourth quarter. International Assets Investment Management LLC now owns 334,022 shares of the company’s stock valued at $42,214,000 after buying an additional 331,417 shares during the last quarter. FMR LLC raised its holdings in shares of J. M. Smucker by 32.2% in the third quarter. FMR LLC now owns 646,827 shares of the company’s stock valued at $79,501,000 after buying an additional 157,443 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of J. M. Smucker by 9.3% in the third quarter. Invesco Ltd. now owns 1,777,750 shares of the company’s stock valued at $218,503,000 after buying an additional 151,389 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

NYSE SJM traded down $1.58 on Friday, reaching $113.60. The stock had a trading volume of 1,359,460 shares, compared to its average volume of 1,196,564. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The firm has a fifty day moving average of $120.10 and a two-hundred day moving average of $120.62. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.92. The company has a market cap of $12.06 billion, a P/E ratio of -129.09, a price-to-earnings-growth ratio of 1.84 and a beta of 0.21.

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

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is currently -481.81%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SJM. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Citigroup decreased their price objective on 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 price objective for the company in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, DA Davidson assumed coverage on J. M. Smucker in a research report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $137.47.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of 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 SEC, which is available through this link. 3.50% of the stock is currently owned by insiders.

J. M. Smucker Company 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.