National Bank of Canada FI Grows Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

National Bank of Canada FI boosted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,068 shares of the company's stock after acquiring an additional 4,518 shares during the quarter. National Bank of Canada FI's holdings in J. M. Smucker were worth $5,514,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of J. M. Smucker by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after purchasing an additional 130,533 shares during the last quarter. State Street Corp raised its stake in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after buying an additional 762,746 shares in the last quarter. Nordea Investment Management AB lifted 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 last quarter. Norges Bank acquired a new position in shares of J. M. Smucker during the 4th quarter worth about $112,978,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of J. M. Smucker by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company's stock valued at $110,455,000 after acquiring an additional 12,410 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

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Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Stock Performance

Shares of SJM traded up $1.54 during mid-day trading on Friday, hitting $115.91. 1,126,158 shares of the company's stock were exchanged, compared to its average volume of 1,185,941. The firm has a market capitalization of $12.33 billion, a P/E ratio of 23.46, a P/E/G ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42. The business's 50 day moving average is $110.69 and its two-hundred day moving average is $111.92. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

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 for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.73%. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Wall Street Analyst Weigh In

Several brokerages have commented on SJM. Stifel Nicolaus dropped 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. 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 on the stock. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. DA Davidson cut 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. Finally, TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and reduced their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $125.67.

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.