The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Aviva PLC

Aviva PLC increased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 1,586.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,033 shares of the company's stock after buying an additional 60,236 shares during the period. Aviva PLC owned about 0.06% of J. M. Smucker worth $7,051,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SJM. Salem Investment Counselors Inc. increased its position in shares of J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company's stock worth $73,000 after acquiring an additional 100 shares during the last quarter. Trust Co. of Vermont raised its position in shares of J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company's stock valued at $301,000 after purchasing an additional 108 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock valued at $203,000 after buying an additional 115 shares during the last quarter. Mendel Money Management grew its position in shares of J. M. Smucker by 3.1% during the fourth quarter. Mendel Money Management now owns 3,933 shares of the company's stock worth $433,000 after buying an additional 117 shares in the last quarter. Finally, Code Waechter LLC grew its position in shares of J. M. Smucker by 2.5% during the fourth quarter. Code Waechter LLC now owns 5,023 shares of the company's stock worth $553,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

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Insider Activity

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. The trade was a 27.49 % 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 Stock Performance

Shares of NYSE SJM traded up $1.72 during mid-day trading on Monday, hitting $117.66. The company had a trading volume of 97,074 shares, compared to its average volume of 1,182,180. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 3.91 and a beta of 0.35. The firm's 50 day simple moving average is $110.69 and its two-hundred day simple moving average is $111.87. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.67%. J. M. Smucker's payout ratio is -179.25%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SJM shares. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Barclays lowered their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective on the stock. Finally, StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $125.67.

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.