The J. M. Smucker Company (NYSE:SJM) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,344,933 shares of the company's stock after acquiring an additional 130,533 shares during the quarter. Vanguard Group Inc. owned about 12.54% of J. M. Smucker worth $1,469,544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SJM. Capital Advisors Ltd. LLC lifted its stake in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter worth approximately $28,000. Kieckhefer Group LLC bought a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker during the 4th quarter valued at $39,000. Finally, Sandy Spring Bank grew its position in J. M. Smucker by 1,365.5% in the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock valued at $47,000 after acquiring an additional 396 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Down 0.0 %

NYSE:SJM traded down $0.00 during trading hours on Tuesday, reaching $118.41. The company's stock had a trading volume of 1,147,064 shares, compared to its average volume of 1,176,619. 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 company has a market capitalization of $12.60 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The stock has a 50 day moving average price of $108.84 and a two-hundred day moving average price of $112.15. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42.

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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 for the quarter, topping 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 firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.65%. J. M. Smucker's payout ratio is -179.25%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the 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 in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares of the company's stock, 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 insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SJM. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday. Morgan Stanley assumed coverage on shares of J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective for the company. Stifel Nicolaus dropped their target price 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. Barclays decreased their price target 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, TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One equities research 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $125.67.

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.