8,910 Shares in The J. M. Smucker Company (NYSE:SJM) Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. bought a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,910 shares of the company's stock, valued at approximately $981,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SJM. Capital Advisors Ltd. LLC boosted its holdings in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $28,000. Venturi Wealth Management LLC raised its stake in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock valued at $29,000 after acquiring an additional 226 shares during the period. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $39,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Tucker H. Marshall sold 994 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.40% of the company's stock.

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J. M. Smucker Stock Up 0.8 %

NYSE SJM traded up $0.88 on Thursday, hitting $110.26. 316,236 shares of the stock were exchanged, compared to its average volume of 1,197,603. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. The company has a market cap of $11.73 billion, a PE ratio of 22.32, a PEG ratio of 3.91 and a beta of 0.28. The company has a 50-day moving average price of $106.17 and a 200-day moving average price of $112.99.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted 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. 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 analysts' expectations of $2.23 billion. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is -179.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. 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 note on Friday, January 24th. StockNews.com downgraded shares of J. M. Smucker from a "hold" rating to a "sell" rating in a research note on Monday. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Barclays cut their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and cut their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Two 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $126.13.

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.