The J. M. Smucker Company (NYSE:SJM) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,415,023 shares of the company's stock after acquiring an additional 418,878 shares during the quarter. Invesco Ltd. owned about 2.27% of J. M. Smucker worth $265,942,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in J. M. Smucker by 10.4% during the third quarter. Wellington Management Group LLP now owns 9,769 shares of the company's stock worth $1,183,000 after purchasing an additional 920 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of J. M. Smucker in the 3rd quarter worth $226,000. National Bank of Canada FI boosted its holdings in J. M. Smucker by 0.7% in the third quarter. National Bank of Canada FI now owns 45,550 shares of the company's stock valued at $5,516,000 after acquiring an additional 317 shares during the last quarter. TD Private Client Wealth LLC grew its position in J. M. Smucker by 9.7% during the third quarter. TD Private Client Wealth LLC now owns 3,768 shares of the company's stock valued at $456,000 after acquiring an additional 334 shares during the period. Finally, Soltis Investment Advisors LLC purchased a new position in shares of J. M. Smucker in the 3rd quarter worth about $202,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business'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 completion of the sale, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill R. Penrose sold 5,117 shares of the firm's 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 in the company, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SJM shares. Barclays dropped 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 report on Monday, March 3rd. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Stifel Nicolaus decreased their price target on shares of 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. 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 research report on Tuesday, March 11th. Finally, Morgan Stanley initiated coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus price target of $125.67.

J. M. Smucker Stock Up 0.2 %

Shares of SJM stock traded up $0.26 during mid-day trading on Wednesday, reaching $116.53. 167,485 shares of the company were exchanged, compared to its average volume of 1,286,900. 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 business's 50 day simple moving average is $111.24 and its 200 day simple moving average is $111.88. The company has a market capitalization of $12.40 billion, a P/E ratio of 23.59, a P/E/G ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for 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%. Research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.71%. J. M. Smucker's dividend payout ratio (DPR) is -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.