Parthenon LLC Sells 100 Shares of The J. M. Smucker Company (NYSE:SJM)

Parthenon LLC reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,040 shares of the company’s stock after selling 100 shares during the quarter. Parthenon LLC’s holdings in J. M. Smucker were worth $5,819,000 at the end of the most recent quarter.

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

Insider Buying and Selling

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

J. M. Smucker Stock Performance

Shares of SJM traded up $0.20 during midday trading on Tuesday, reaching $114.85. The stock had a trading volume of 1,642,482 shares, compared to its average volume of 1,282,271. The firm has a 50 day simple moving average of $119.91 and a 200-day simple moving average of $120.71. The J. M. Smucker Company has a one year low of $107.33 and a one year high of $159.92. The firm has a market cap of $12.19 billion, a PE ratio of -130.51, a P/E/G ratio of 1.81 and a beta of 0.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM) last announced 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. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm posted $2.21 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio is -481.81%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SJM shares. JPMorgan Chase & Co. increased their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Wednesday, February 28th. Barclays raised their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. TD Cowen dropped their price objective on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price 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.