New York State Teachers Retirement System Sells 6,513 Shares of The J. M. Smucker Company (NYSE:SJM)

New York State Teachers Retirement System decreased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,661 shares of the company's stock after selling 6,513 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of J. M. Smucker worth $9,103,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SJM. State Street Corp raised its holdings 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 worth $861,145,000 after purchasing an additional 762,746 shares during the period. FMR LLC raised its stake in J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock worth $406,169,000 after buying an additional 958,142 shares during the period. Nordea Investment Management AB lifted its holdings in J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock worth $150,082,000 after acquiring an additional 192,748 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in J. M. Smucker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company's stock worth $119,966,000 after acquiring an additional 13,276 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in J. M. Smucker by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock valued at $85,251,000 after acquiring an additional 31,745 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SJM shares. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Barclays dropped their target price 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. Wells Fargo & Company upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Finally, TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of "Hold" and an average price target of $126.78.

J. M. Smucker Stock Up 2.5 %

Shares of SJM stock traded up $2.72 during trading on Friday, reaching $110.02. The company's stock had a trading volume of 1,759,637 shares, compared to its average volume of 1,115,269. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 3.75 and a beta of 0.27. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59. The business has a fifty day moving average price of $106.33 and a 200-day moving average price of $113.54. 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 issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.59 EPS. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is 87.45%.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.40% of the company's stock.

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.