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

Amundi raised its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 49.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 628,381 shares of the company's stock after buying an additional 207,477 shares during the quarter. Amundi owned about 0.59% of J. M. Smucker worth $66,250,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after buying an additional 762,746 shares during the period. FMR LLC increased its stake in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after buying an additional 958,142 shares during the period. Nordea Investment Management AB increased its stake in J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock valued at $150,082,000 after buying an additional 192,748 shares during the period. Charles Schwab Investment Management Inc. increased its stake in J. M. Smucker by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company's stock valued at $110,455,000 after buying an additional 12,410 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in J. M. Smucker by 13.8% in the 4th quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company's stock valued at $107,677,000 after buying an additional 118,240 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SJM. Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Stifel Nicolaus lowered 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 note on Friday, January 24th. DA Davidson lowered their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Finally, TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $126.00.

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J. M. Smucker Price Performance

Shares of NYSE SJM opened at $114.17 on Wednesday. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.59. The company's 50-day moving average price is $106.50 and its 200 day moving average price is $112.73. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.78%. J. M. Smucker's payout ratio is -179.25%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is owned by corporate insiders.

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.

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