J M Smucker Co (SJM) Shares Sold by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. lessened its stake in shares of J M Smucker Co (NYSE:SJM) by 51.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,456 shares of the company’s stock after selling 34,906 shares during the period. J M Smucker makes up about 1.9% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 18th biggest position. Peregrine Asset Advisers Inc.’s holdings in J M Smucker were worth $3,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Trust Co. of Vermont grew its position in J M Smucker by 6.5% during the 2nd quarter. Trust Co. of Vermont now owns 7,908 shares of the company’s stock worth $850,000 after purchasing an additional 486 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in J M Smucker by 11.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 4,575 shares of the company’s stock valued at $492,000 after acquiring an additional 488 shares during the period. IFP Advisors Inc lifted its stake in J M Smucker by 8.1% during the 1st quarter. IFP Advisors Inc now owns 6,530 shares of the company’s stock valued at $810,000 after acquiring an additional 490 shares during the period. Hall Laurie J Trustee lifted its stake in J M Smucker by 153.1% during the 1st quarter. Hall Laurie J Trustee now owns 810 shares of the company’s stock valued at $101,000 after acquiring an additional 490 shares during the period. Finally, Middleton & Co Inc MA lifted its stake in J M Smucker by 1.6% during the 2nd quarter. Middleton & Co Inc MA now owns 30,952 shares of the company’s stock valued at $3,327,000 after acquiring an additional 494 shares during the period. 82.86% of the stock is currently owned by institutional investors.

Shares of NYSE SJM opened at $109.53 on Monday. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. J M Smucker Co has a 12 month low of $96.13 and a 12 month high of $133.38. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52.

J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.02. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business posted $0.96 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. equities research analysts forecast that J M Smucker Co will post 8.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were paid a $0.85 dividend. This is a boost from J M Smucker’s previous quarterly dividend of $0.78. This represents a $3.40 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Thursday, August 16th. J M Smucker’s payout ratio is currently 42.71%.

In related news, insider Mark T. Smucker sold 2,500 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $111.02, for a total value of $277,550.00. Following the completion of the transaction, the insider now directly owns 121,179 shares in the company, valued at approximately $13,453,292.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,000 shares of the business’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $108.29, for a total transaction of $108,290.00. Following the completion of the transaction, the senior vice president now owns 27,724 shares of the company’s stock, valued at $3,002,231.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,988 shares of company stock valued at $1,088,488. Company insiders own 3.92% of the company’s stock.

Several brokerages have commented on SJM. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Credit Suisse Group lifted their price objective on shares of J M Smucker from $90.00 to $95.00 and gave the company an “underperform” rating in a research note on Wednesday, June 27th. ValuEngine upgraded shares of J M Smucker from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 27th. Susquehanna Bancshares set a $159.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a research note on Monday, May 21st. Finally, Wells Fargo & Co set a $100.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research note on Tuesday, June 5th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $121.83.

About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

See Also: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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