Ancora Advisors LLC Trims Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Ancora Advisors LLC reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,244 shares of the company’s stock after selling 305 shares during the quarter. Ancora Advisors LLC’s holdings in J. M. Smucker were worth $3,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Norges Bank acquired a new position in shares of J. M. Smucker during the 4th quarter valued at $157,077,000. Point72 Asset Management L.P. boosted its holdings in J. M. Smucker by 21,858.1% during the fourth quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock valued at $86,027,000 after purchasing an additional 677,600 shares in the last quarter. Vanguard Group Inc. raised its position in J. M. Smucker by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after purchasing an additional 518,433 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at $48,207,000. Finally, International Assets Investment Management LLC increased its stake in shares of J. M. Smucker by 12,722.3% in the 4th 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 period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 78,757 shares in the company, valued at $8,675,871.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. DA Davidson decreased their price objective on J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup increased their price target on J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, June 7th. TD Cowen dropped their price target on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Barclays dropped their price target on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $132.64.

J. M. Smucker Trading Down 1.1 %

J. M. Smucker stock traded down $1.25 during mid-day trading on Wednesday, hitting $117.71. The company’s stock had a trading volume of 710,632 shares, compared to its average volume of 1,234,338. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.25. The business has a 50 day moving average price of $112.32 and a 200-day moving average price of $118.35. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $153.00.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 6th. The company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.32 by $0.34. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.64 earnings per share. As a group, analysts forecast that The J. M. Smucker Company will post 10.06 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.67%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s payout ratio is currently 59.55%.

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.