Schroder Investment Management Group Raises Stock Position in The J. M. Smucker Company (NYSE:SJM)

Schroder Investment Management Group grew its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 42.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,509 shares of the company's stock after buying an additional 5,505 shares during the period. Schroder Investment Management Group's holdings in J. M. Smucker were worth $2,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Advisors Ltd. LLC boosted its stake in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker during the 4th quarter valued at $28,000. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker in the 4th quarter worth $33,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker during the 4th quarter worth $39,000. Finally, Sandy Spring Bank increased its position in J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock valued at $47,000 after buying an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock traded up $1.54 during trading on Friday, hitting $115.91. 1,126,158 shares of the company's stock were exchanged, compared to its average volume of 1,185,941. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. 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 stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 3.91 and a beta of 0.35. The business has a 50-day simple moving average of $110.69 and a 200-day simple moving average of $111.92.

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J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.73%. J. M. Smucker's dividend payout ratio is presently -179.25%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The shares were 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SJM shares. Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. Morgan Stanley began coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price for the company. Barclays dropped their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. DA Davidson decreased 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. Finally, StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.