Boston Trust Walden Corp Has $285,000 Stake in The J. M. Smucker Company (NYSE:SJM)

Boston Trust Walden Corp reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 69.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,585 shares of the company's stock after selling 5,945 shares during the period. Boston Trust Walden Corp's holdings in J. M. Smucker were worth $285,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. raised its holdings in J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company's stock valued at $587,000 after acquiring an additional 310 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of J. M. Smucker by 16.5% during 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. Miracle Mile Advisors LLC purchased a new stake in J. M. Smucker during the 4th quarter worth $1,273,000. Signal Advisors Wealth LLC boosted its position in J. M. Smucker by 336.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock worth $1,426,000 after purchasing an additional 9,982 shares during the period. Finally, FMR LLC boosted its position in J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock worth $406,169,000 after purchasing an additional 958,142 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on 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 owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.40% of the stock is owned by company insiders.

J. M. Smucker Trading Up 0.1 %

Shares of NYSE:SJM traded up $0.07 during mid-day trading on Friday, hitting $103.27. The stock had a trading volume of 1,062,547 shares, compared to its average volume of 913,482. 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 cap of $10.99 billion, a PE ratio of 20.90, a P/E/G ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $99.81 and a 12-month high of $133.23. The company's 50 day moving average is $108.61 and its 200-day moving average is $114.46.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $2.59 EPS. The company's revenue was up 17.2% compared to the same quarter last year. On average, 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 will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker's payout ratio is presently 87.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays decreased their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of 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 cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their price objective 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $126.78.

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.