Nisa Investment Advisors LLC Has $1.26 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Nisa Investment Advisors LLC lifted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 88.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,465 shares of the company's stock after buying an additional 5,395 shares during the period. Nisa Investment Advisors LLC's holdings in J. M. Smucker were worth $1,263,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its holdings in shares of J. M. Smucker by 6.8% in the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company's stock worth $587,000 after acquiring an additional 310 shares in the last quarter. Nordea Investment Management AB increased its stake 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 purchasing an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $1,273,000. Signal Advisors Wealth LLC lifted its stake in J. M. Smucker by 336.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock valued at $1,426,000 after buying an additional 9,982 shares in the last quarter. Finally, FMR LLC boosted its holdings 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 valued at $406,169,000 after buying an additional 958,142 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Down 1.7 %

Shares of J. M. Smucker stock traded down $1.83 on Tuesday, reaching $105.46. 941,951 shares of the company were exchanged, compared to its average volume of 985,185. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 3.12 and a beta of 0.28. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a one year low of $99.81 and a one year high of $134.62. The company has a 50-day moving average of $110.44 and a 200 day moving average of $115.20.

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

J. M. Smucker Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently 87.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stifel Nicolaus dropped their price objective 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. TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. Finally, Barclays reduced their price target on J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $126.78.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company's stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.