Philip James Wealth Mangement LLC Boosts Position in The J. M. Smucker Company (NYSE:SJM)

Philip James Wealth Mangement LLC grew its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 302.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,190 shares of the company's stock after buying an additional 6,154 shares during the period. Philip James Wealth Mangement LLC's holdings in J. M. Smucker were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp grew its position 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 acquiring an additional 762,746 shares in the last quarter. FMR LLC boosted its holdings 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 worth $406,169,000 after purchasing an additional 958,142 shares during the period. Nordea Investment Management AB boosted its holdings in shares of J. M. Smucker by 16.5% in 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of J. M. Smucker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company's stock worth $119,966,000 after purchasing an additional 13,276 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of J. M. Smucker by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock worth $85,251,000 after purchasing an additional 31,745 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SJM. Barclays dropped their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and lowered their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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 the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Up 4.2 %

Shares of NYSE SJM traded up $4.35 during mid-day trading on Thursday, reaching $107.37. 1,933,601 shares of the company were exchanged, compared to its average volume of 1,095,742. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 3.23 and a beta of 0.27. The firm has a 50-day moving average of $106.45 and a 200 day moving average of $113.59. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. 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 released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating 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 business had revenue of $2.27 billion during 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% on a year-over-year basis. On average, research analysts expect 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 paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently 87.45%.

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.