Geode Capital Management LLC Grows Stock Position in The J. M. Smucker Company (NYSE:SJM)

Geode Capital Management LLC boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,609,952 shares of the company's stock after buying an additional 58,231 shares during the period. Geode Capital Management LLC owned approximately 2.45% of J. M. Smucker worth $286,664,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in J. M. Smucker by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock valued at $1,469,544,000 after purchasing an additional 130,533 shares during the last quarter. State Street Corp lifted its stake 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 worth $861,145,000 after acquiring an additional 762,746 shares during the last quarter. Nordea Investment Management AB grew its position 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 acquiring an additional 192,748 shares during the last quarter. Norges Bank purchased a new stake in J. M. Smucker in the fourth quarter worth $112,978,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of J. M. Smucker by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company's stock valued at $110,455,000 after purchasing an additional 12,410 shares during the period. 81.66% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

SJM has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price target for the company. DA Davidson dropped their price target 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. Barclays decreased their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Finally, StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and an average price target of $125.67.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction dated 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 approximately $1,022,390.44. The trade was a 36.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction dated 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 owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

J. M. Smucker Stock Down 1.7 %

NYSE:SJM traded down $1.96 during mid-day trading on Thursday, hitting $113.12. 217,432 shares of the company's stock traded hands, compared to its average volume of 1,181,935. The company has a fifty day moving average of $110.30 and a 200 day moving average of $111.96. 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 twelve month low of $98.77 and a twelve month high of $125.42. The company has a market capitalization of $12.04 billion, a P/E ratio of 22.94, a P/E/G ratio of 3.91 and a beta of 0.35.

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

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently -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.