The J. M. Smucker Company (NYSE:SJM) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 98.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,361 shares of the company's stock after selling 204,841 shares during the period. International Assets Investment Management LLC's holdings in J. M. Smucker were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SJM. CWA Asset Management Group LLC increased its holdings in shares of J. M. Smucker by 11.6% during the 4th quarter. CWA Asset Management Group LLC now owns 2,479 shares of the company's stock valued at $273,000 after purchasing an additional 258 shares in the last quarter. Pensionfund Sabic raised its position in shares of J. M. Smucker by 39.8% in the fourth quarter. Pensionfund Sabic now owns 12,300 shares of the company's stock worth $1,354,000 after acquiring an additional 3,500 shares during the period. Nordea Investment Management AB boosted 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 worth $150,082,000 after acquiring an additional 192,748 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of J. M. Smucker by 106.3% in the 4th quarter. Versant Capital Management Inc now owns 526 shares of the company's stock valued at $58,000 after purchasing an additional 271 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of J. M. Smucker by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock valued at $85,251,000 after purchasing an additional 31,745 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SJM shares. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. Wells Fargo & Company increased their target price 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. TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and dropped their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus cut J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. Finally, Barclays cut their price target 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $127.33.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm'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 approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.40% of the company's stock.

J. M. Smucker Stock Up 1.6 %

NYSE:SJM traded up $1.66 on Monday, reaching $102.56. The stock had a trading volume of 143,290 shares, compared to its average volume of 966,230. The company has a 50-day moving average of $112.64 and a 200 day moving average of $115.73. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market cap of $10.91 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 3.46 and a beta of 0.28. The J. M. Smucker Company has a 12-month low of $100.77 and a 12-month high of $134.62.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share 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 business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company earned $2.59 earnings per share. The business's quarterly revenue was up 17.2% compared to the same quarter last year. On average, research analysts predict that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.21%. J. M. Smucker's payout ratio is currently 87.45%.

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.