Natixis Advisors LLC Sells 4,750 Shares of The J. M. Smucker Company (NYSE:SJM)

Natixis Advisors LLC lowered its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 30.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,770 shares of the company's stock after selling 4,750 shares during the quarter. Natixis Advisors LLC's holdings in J. M. Smucker were worth $1,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after acquiring an additional 958,142 shares during the period. State Street Corp grew its holdings in J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company's stock worth $861,145,000 after purchasing an additional 762,746 shares during the period. Raymond James Financial Inc. acquired a new position in J. M. Smucker during the fourth quarter worth approximately $32,988,000. Amundi increased its position in J. M. Smucker by 49.3% during the fourth quarter. Amundi now owns 628,381 shares of the company's stock worth $66,250,000 after buying an additional 207,477 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock valued at $150,082,000 after buying an additional 192,748 shares during the period. Institutional investors own 81.66% of the company's stock.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company's 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 sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by company insiders.

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J. M. Smucker Price Performance

NYSE:SJM traded down $0.60 during trading hours on Friday, reaching $116.13. 1,223,939 shares of the company were exchanged, compared to its average volume of 1,173,057. The business has a 50 day moving average of $108.21 and a 200 day moving average of $112.20. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a market capitalization of $12.36 billion, a P/E ratio of 23.51, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last released 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. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared 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 3.72%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SJM. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday. Morgan Stanley initiated coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. DA Davidson reduced their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $125.67.

J. M. Smucker 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.