FIL Ltd Purchases 432,500 Shares of The J. M. Smucker Company (NYSE:SJM)

FIL Ltd increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 87.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 925,000 shares of the company's stock after buying an additional 432,500 shares during the period. FIL Ltd owned about 0.87% of J. M. Smucker worth $101,861,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Twin Capital Management Inc. raised its holdings in J. M. Smucker by 4.8% during the 4th quarter. Twin Capital Management Inc. now owns 8,059 shares of the company's stock worth $887,000 after purchasing an additional 370 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of J. M. Smucker by 21.0% during the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock worth $265,942,000 after buying an additional 418,878 shares in the last quarter. FMR LLC grew its stake in shares of J. M. Smucker by 11.3% in the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after buying an additional 380,309 shares during the period. Federated Hermes Inc. boosted its holdings in J. M. Smucker by 3.6% in the fourth quarter. Federated Hermes Inc. now owns 13,457 shares of the company's stock worth $1,482,000 after acquiring an additional 467 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of J. M. Smucker by 4.1% in the 4th quarter. Wedbush Securities Inc. now owns 7,150 shares of the company's stock worth $787,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

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J. M. Smucker Price Performance

SJM traded up $1.62 on Monday, reaching $117.56. The company had a trading volume of 148,764 shares, compared to its average volume of 1,182,388. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 3.91 and a beta of 0.35. The business has a 50 day simple moving average of $110.69 and a 200 day simple moving average of $111.87.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is currently -179.25%.

Insiders Place Their Bets

In related news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction 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. The trade was a 27.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SJM. Barclays decreased their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Morgan Stanley started coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 target price for the company. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Stifel Nicolaus decreased their target price 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 decreased their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of "Hold" and a consensus target price of $125.67.

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.