JPMorgan Chase & Co. Acquires 31,745 Shares of The J. M. Smucker Company (NYSE:SJM)

JPMorgan Chase & Co. lifted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 703,971 shares of the company's stock after purchasing an additional 31,745 shares during the quarter. JPMorgan Chase & Co. owned 0.66% of J. M. Smucker worth $85,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SJM. Raymond James Trust N.A. lifted its position in J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company's stock worth $587,000 after buying an additional 310 shares in the last quarter. FMR LLC increased its stake in shares of J. M. Smucker by 40.0% in 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 during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of J. M. Smucker during the third quarter worth $3,266,000. Stoneridge Investment Partners LLC acquired a new stake in J. M. Smucker during the second quarter valued at $1,565,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in J. M. Smucker by 60.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,334 shares of the company's stock valued at $2,217,000 after purchasing an additional 7,662 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares of the company's stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company's stock.

J. M. Smucker Stock Performance

SJM stock traded up $0.16 during mid-day trading on Friday, reaching $111.53. 689,753 shares of the stock traded hands, compared to its average volume of 874,776. The firm has a market capitalization of $11.87 billion, a PE ratio of 22.58, a P/E/G ratio of 3.46 and a beta of 0.26. The business has a 50-day moving average of $113.47 and a two-hundred day moving average of $115.81. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.59 EPS. As a group, equities analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.87%. The ex-dividend date was Friday, November 15th. J. M. Smucker's payout ratio is currently 87.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus downgraded J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. Wells Fargo & Company increased their price target 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. Finally, Barclays cut their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of "Hold" and a consensus target price of $128.56.

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.