SageView Advisory Group LLC Increases Stock Position in The J. M. Smucker Company (NYSE:SJM)

SageView Advisory Group LLC increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 244.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,732 shares of the company's stock after buying an additional 4,777 shares during the quarter. SageView Advisory Group LLC's holdings in J. M. Smucker were worth $741,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of J. M. Smucker by 3.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock worth $35,721,000 after acquiring an additional 11,339 shares during the period. Nordea Investment Management AB boosted its stake 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 valued at $150,082,000 after purchasing an additional 192,748 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $1,273,000. Signal Advisors Wealth LLC raised its stake in J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock worth $1,426,000 after buying an additional 9,982 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its holdings in J. M. Smucker by 6.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company's stock valued at $29,875,000 after buying an additional 16,963 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Up 1.4 %

SJM traded up $1.55 during midday trading on Friday, reaching $116.39. 1,189,117 shares of the company were exchanged, compared to its average volume of 1,182,822. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.42. The company's fifty day moving average price is $111.98 and its 200 day moving average price is $111.83.

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

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.71%. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SJM shares. Stifel Nicolaus lowered their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Morgan Stanley initiated coverage on J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price for the company. Barclays cut their price target on 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. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, DA Davidson reduced their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $125.67.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company's stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction dated 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 approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

J. M. Smucker Company 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.