The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. raised its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 507,325 shares of the company's stock after buying an additional 9,150 shares during the period. J. M. Smucker makes up approximately 2.5% of Staley Capital Advisers Inc.'s portfolio, making the stock its 13th largest position. Staley Capital Advisers Inc. owned 0.48% of J. M. Smucker worth $55,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SJM. Van ECK Associates Corp raised its holdings in shares of J. M. Smucker by 5.7% in the 3rd quarter. Van ECK Associates Corp now owns 4,718 shares of the company's stock valued at $555,000 after purchasing an additional 255 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of J. M. Smucker by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 135,465 shares of the company's stock valued at $16,405,000 after purchasing an additional 5,790 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at $473,000. CWA Asset Management Group LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at $269,000. Finally, Sigma Planning Corp raised its holdings in shares of J. M. Smucker by 5.1% in the 3rd quarter. Sigma Planning Corp now owns 4,115 shares of the company's stock valued at $498,000 after purchasing an additional 201 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were 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 owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. 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. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Tuesday. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, DA Davidson dropped their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $126.00.

J. M. Smucker Stock Performance

J. M. Smucker stock traded up $0.65 during midday trading on Thursday, hitting $111.68. 1,300,658 shares of the company's stock were exchanged, compared to its average volume of 1,124,531. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.59. 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 cap of $11.88 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The firm's 50 day simple moving average is $106.52 and its 200 day simple moving average is $112.72.

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, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equities research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

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. This represents a $4.32 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

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.