The J. M. Smucker Company (NYSE:SJM) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,400 shares of the company's stock after selling 7,000 shares during the period. Intact Investment Management Inc.'s holdings in J. M. Smucker were worth $3,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in J. M. Smucker by 7.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 103,593 shares of the company's stock worth $11,408,000 after buying an additional 7,149 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in J. M. Smucker by 17.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 30,014 shares of the company's stock worth $3,298,000 after buying an additional 4,448 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in J. M. Smucker by 10.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,609 shares of the company's stock worth $1,168,000 after buying an additional 999 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in J. M. Smucker by 6.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,727 shares of the company's stock worth $1,842,000 after buying an additional 983 shares during the last quarter. Finally, Staley Capital Advisers Inc. boosted its stake in J. M. Smucker by 1.8% during the fourth quarter. Staley Capital Advisers Inc. now owns 507,325 shares of the company's stock worth $55,867,000 after buying an additional 9,150 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

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Analyst Upgrades and Downgrades

SJM has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and cut their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. DA Davidson cut their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $126.00.

J. M. Smucker Stock Down 0.7 %

Shares of NYSE:SJM traded down $0.72 on Wednesday, hitting $110.15. 1,292,590 shares of the company's stock were exchanged, compared to its average volume of 1,119,911. The firm's 50-day moving average is $106.65 and its 200 day moving average is $112.53. The company has a market capitalization of $11.72 billion, a PE ratio of 22.30, a P/E/G ratio of 3.91 and a beta of 0.28. 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 debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

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 (EPS) for the quarter, topping 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%. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.92%. J. M. Smucker's dividend payout ratio is currently -179.25%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value 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 represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.40% of the company's stock.

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.