The J. M. Smucker Company (NYSE:SJM) Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 65.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,929 shares of the company's stock after selling 7,536 shares during the quarter. Nisa Investment Advisors LLC's holdings in J. M. Smucker were worth $465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in J. M. Smucker during the 4th quarter worth approximately $27,000. Minot DeBlois Advisors LLC purchased a new stake in J. M. Smucker during the 4th quarter worth approximately $28,000. Cooksen Wealth LLC purchased a new stake in J. M. Smucker during the 1st quarter worth approximately $33,000. Measured Risk Portfolios Inc. purchased a new stake in J. M. Smucker during the 4th quarter worth approximately $29,000. Finally, Menard Financial Group LLC purchased a new stake in J. M. Smucker during the 4th quarter worth approximately $46,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America decreased their target price on J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Citigroup decreased their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Royal Bank Of Canada assumed coverage on J. M. Smucker in a research report on Monday, July 7th. They issued an "outperform" rating and a $130.00 target price for the company. Morgan Stanley reiterated an "overweight" rating and issued a $124.00 target price (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Finally, Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and decreased their target price for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.33.

J. M. Smucker Stock Performance

SJM stock traded up $1.27 during trading on Thursday, reaching $108.87. 2,171,615 shares of the company's stock were exchanged, compared to its average volume of 1,331,954. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The company's fifty day moving average price is $105.55 and its 200-day moving average price is $108.55. The firm has a market cap of $11.60 billion, a PE ratio of -9.42, a P/E/G ratio of 7.86 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $2.66 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. On average, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is currently -37.37%.

Insider Activity

In related news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.24% of the stock is owned by company 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.