Sei Investments Co. Has $11.84 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Sei Investments Co. increased its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 107,507 shares of the company's stock after purchasing an additional 5,387 shares during the quarter. Sei Investments Co. owned approximately 0.10% of J. M. Smucker worth $11,835,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its position in shares of 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 purchasing an additional 151 shares during the period. Kentucky Trust Co bought a new position in J. M. Smucker in the 4th quarter worth $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker during the 4th quarter worth $33,000. Hantz Financial Services Inc. bought a new stake in J. M. Smucker during the fourth quarter valued at about $39,000. Finally, Sandy Spring Bank grew its position in shares of J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock valued at $47,000 after purchasing an additional 396 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM traded down $0.32 during midday trading on Thursday, reaching $118.13. 1,623,483 shares of the company's stock were exchanged, compared to its average volume of 1,174,383. The firm has a market capitalization of $12.57 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The company's 50 day simple moving average is $109.47 and its two-hundred day simple moving average is $112.24. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month 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.

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

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.66%. J. M. Smucker's dividend payout ratio is presently -179.25%.

Analysts Set New Price Targets

Several research firms recently weighed in on SJM. DA Davidson decreased their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley began coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective for the company. 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 note on Wednesday, January 8th. Barclays cut their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Stifel Nicolaus decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $125.67.

Insider Activity

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

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.