Pacer Advisors Inc. Has $1.68 Million Position in The J. M. Smucker Company (NYSE:SJM)

Pacer Advisors Inc. increased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,253 shares of the company's stock after acquiring an additional 3,550 shares during the period. Pacer Advisors Inc.'s holdings in J. M. Smucker were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of J. M. Smucker by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,370 shares of the company's stock valued at $7,564,000 after buying an additional 1,296 shares in the last quarter. Quarry LP lifted its stake in J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after acquiring an additional 219 shares during the last quarter. Cetera Investment Advisers grew its position in J. M. Smucker by 2.9% in the second quarter. Cetera Investment Advisers now owns 24,886 shares of the company's stock worth $2,714,000 after acquiring an additional 712 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter worth $1,002,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of J. M. Smucker during the 2nd quarter valued at $5,938,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

SJM traded down $0.71 on Wednesday, hitting $103.96. 793,112 shares of the stock traded hands, compared to its average volume of 963,540. The business has a fifty day moving average price of $109.20 and a two-hundred day moving average price of $114.63. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11.06 billion, a PE ratio of 21.04, a P/E/G ratio of 3.26 and a beta of 0.27. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $133.85.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company posted $2.59 earnings per share. J. M. Smucker's revenue was up 17.2% on a year-over-year basis. On average, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 4.16%. J. M. Smucker's payout ratio is currently 87.45%.

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 on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

SJM has been the subject of a number of recent research reports. TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Barclays cut their price objective on J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus decreased their target price on 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus target price of $126.78.

J. M. Smucker Company 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.