Nuveen Asset Management LLC Has $24.02 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Nuveen Asset Management LLC reduced its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,108 shares of the company's stock after selling 13,056 shares during the quarter. Nuveen Asset Management LLC owned 0.20% of J. M. Smucker worth $24,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Advisors Ltd. LLC boosted its holdings 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 acquiring an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in J. M. Smucker in the 4th quarter valued at about $27,000. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at about $28,000. Minot DeBlois Advisors LLC purchased a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in J. M. Smucker in the fourth quarter valued at $29,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SJM shares. UBS Group assumed coverage on shares of J. M. Smucker in a report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 target price for the company. DA Davidson dropped their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Morgan Stanley started coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price for the company. Citigroup lowered their target price on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Finally, Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $125.70.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Down 1.6%

NYSE:SJM traded down $1.86 during trading hours on Wednesday, hitting $112.07. 180,895 shares of the stock traded hands, compared to its average volume of 1,208,836. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 3.91 and a beta of 0.36. The firm has a 50 day moving average price of $114.34 and a 200 day moving average price of $111.20. 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 J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced 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. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's dividend payout ratio is -179.25%.

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.