The J. M. Smucker Company (NYSE:SJM) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 27.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 56,964 shares of the company's stock after buying an additional 12,207 shares during the period. Toronto Dominion Bank owned 0.05% of J. M. Smucker worth $6,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC raised its holdings in J. M. Smucker by 188.8% during 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 in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in J. M. Smucker during the fourth quarter worth about $27,000. Kentucky Trust Co acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Minot DeBlois Advisors LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $29,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on SJM shares. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. UBS Group started coverage on shares of J. M. Smucker in a research report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 target price on the stock. Barclays decreased their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. DA Davidson decreased their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Citigroup cut their price target on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of "Hold" and a consensus target price of $125.70.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $112.62 on Thursday. The company's fifty day simple moving average is $114.16 and its 200-day simple moving average is $111.30. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42. 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 company has a market cap of $11.98 billion, a PE ratio of 22.80, a P/E/G ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results 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 business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Insider Buying and Selling

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

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.

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