Commonwealth Equity Services LLC Has $11.41 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Commonwealth Equity Services LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,593 shares of the company's stock after purchasing an additional 7,149 shares during the quarter. Commonwealth Equity Services LLC owned 0.10% of J. M. Smucker worth $11,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings 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 acquiring an additional 958,142 shares in the last quarter. State Street Corp lifted its holdings in shares of J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after purchasing an additional 762,746 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of J. M. Smucker in the 4th quarter valued at approximately $32,988,000. Amundi increased its stake in J. M. Smucker by 49.3% during the 4th quarter. Amundi now owns 628,381 shares of the company's stock worth $66,250,000 after purchasing an additional 207,477 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in 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 buying an additional 192,748 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

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Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SJM shares. StockNews.com cut shares of J. M. Smucker from a "hold" rating to a "sell" rating in a report on Thursday. Wells Fargo & Company upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Barclays dropped their price target 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. Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, DA Davidson dropped their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $126.00.

J. M. Smucker Stock Up 0.4 %

NYSE SJM traded up $0.43 during trading hours on Friday, hitting $109.78. 2,326,423 shares of the company traded hands, compared to its average volume of 1,127,967. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.15. The business's 50-day moving average is $107.00 and its 200-day moving average is $112.46. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

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

J. M. Smucker Announces Dividend

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

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.