Boston Partners Trims Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Boston Partners lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 65.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,181,483 shares of the company's stock after selling 2,236,190 shares during the period. Boston Partners owned 1.11% of J. M. Smucker worth $130,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after buying an additional 762,746 shares during the period. FMR LLC raised its holdings in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after buying an additional 958,142 shares during the period. Nordea Investment Management AB raised its holdings in J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock valued at $150,082,000 after buying an additional 192,748 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in J. M. Smucker by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company's stock valued at $110,455,000 after buying an additional 12,410 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in J. M. Smucker by 13.8% in the 4th quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company's stock valued at $107,677,000 after buying an additional 118,240 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

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J. M. Smucker Stock Up 0.4 %

Shares of J. M. Smucker stock traded up $0.43 on Friday, reaching $109.78. 2,326,423 shares of the company were exchanged, compared to its average volume of 1,129,842. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.15. The company has a market cap of $11.68 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. 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 stock's 50 day moving average price is $107.00 and its 200-day moving average price is $112.42.

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

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was 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 directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. StockNews.com lowered shares of J. M. Smucker from a "hold" rating to a "sell" rating in a report on Thursday. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson cut 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, 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus target price of $126.00.

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.