Curbstone Financial Management Corp Has $1.49 Million Position in The J. M. Smucker Company (NYSE:SJM)

Curbstone Financial Management Corp reduced its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,608 shares of the company’s stock after selling 150 shares during the quarter. Curbstone Financial Management Corp’s holdings in J. M. Smucker were worth $1,493,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SJM. Capital Advisors Ltd. LLC raised its stake in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in J. M. Smucker during the 4th quarter valued at $27,000. Kentucky Trust Co acquired a new position in shares of J. M. Smucker in the fourth quarter worth $28,000. Minot DeBlois Advisors LLC acquired a new position in shares of J. M. Smucker in the fourth quarter worth $28,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of J. M. Smucker in the fourth quarter worth $29,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Down 15.7%

Shares of NYSE:SJM opened at $94.32 on Wednesday. The stock has a market capitalization of $10.04 billion, a PE ratio of 19.09, a P/E/G ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1 year low of $93.93 and a 1 year high of $125.42. The firm has a fifty day moving average price of $113.27 and a 200 day moving average price of $111.09. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the company earned $2.66 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SJM. Morgan Stanley reaffirmed an “overweight” rating and issued a $124.00 price target (up from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Wall Street Zen raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Barclays dropped their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. DA Davidson dropped their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $125.30.

About J. M. Smucker

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.