Toronto Dominion Bank Buys 12,207 Shares of The J. M. Smucker Company (NYSE:SJM)

Toronto Dominion Bank boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,964 shares of the company's stock after buying an additional 12,207 shares during the period. Toronto Dominion Bank owned approximately 0.05% of J. M. Smucker worth $6,273,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC lifted its stake 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 during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in J. M. Smucker during the fourth quarter worth about $27,000. Kentucky Trust Co bought a new stake in J. M. Smucker during the fourth quarter worth about $28,000. Minot DeBlois Advisors LLC bought a new stake in J. M. Smucker during the fourth quarter worth about $28,000. Finally, Measured Risk Portfolios Inc. bought a new stake in J. M. Smucker during the fourth quarter worth about $29,000. Institutional investors own 81.66% of the company's stock.

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 that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction that occurred 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 transaction, the insider now 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 owned by company insiders.

J. M. Smucker Trading Up 0.7%

NYSE:SJM traded up $0.77 during mid-day trading on Tuesday, reaching $113.41. 154,074 shares of the company's stock traded hands, compared to its average volume of 1,161,214. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.42. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 3.91 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a 50 day moving average price of $114.25 and a 200-day moving average price of $111.18.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.81%. J. M. Smucker's dividend payout ratio is presently -179.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays dropped their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Citigroup dropped their price target on J. M. Smucker from $129.00 to $128.00 and set a "buy" rating for the company in a research note on Monday, May 19th. UBS Group initiated coverage on J. M. Smucker in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 target price for the company. Morgan Stanley initiated coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price for the company. Finally, DA Davidson lowered their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. One investment 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $125.70.

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.