The J. M. Smucker Company (NYSE:SJM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,494 shares of the company's stock after selling 13,855 shares during the quarter. Blair William & Co. IL owned about 0.06% of J. M. Smucker worth $7,322,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. increased its stake in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock worth $35,721,000 after acquiring an additional 11,339 shares during the last quarter. Nordea Investment Management AB increased its position in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock worth $150,082,000 after purchasing an additional 192,748 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in J. M. Smucker in the 4th quarter valued at about $1,273,000. Signal Advisors Wealth LLC lifted its position in J. M. Smucker by 336.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock valued at $1,426,000 after buying an additional 9,982 shares during the last quarter. Finally, FMR LLC boosted its stake in J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company's stock worth $406,169,000 after buying an additional 958,142 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on SJM shares. Morgan Stanley began coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective on the stock. DA Davidson lowered their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Barclays decreased their target price on 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. Finally, Stifel Nicolaus cut 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 note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $125.67.

Insider Activity

In other news, CFO Tucker H. Marshall sold 5,028 shares of the company's 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 completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, 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. Company insiders own 3.40% of the company's stock.

J. M. Smucker Stock Up 1.2 %

NYSE:SJM traded up $1.41 during mid-day trading on Thursday, hitting $119.86. The stock had a trading volume of 227,827 shares, compared to its average volume of 1,171,869. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The stock has a 50-day simple moving average of $109.16 and a two-hundred day simple moving average of $112.20. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $12.76 billion, a PE ratio of 24.26, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for 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%. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.60%. J. M. Smucker's dividend payout ratio is currently -179.25%.

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.