Toronto Dominion Bank Has $6.27 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Toronto Dominion Bank lifted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 27.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,964 shares of the company's stock after acquiring an additional 12,207 shares during the quarter. Toronto Dominion Bank owned 0.05% of J. M. Smucker worth $6,273,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SJM. Sumitomo Mitsui Trust Group Inc. increased its holdings in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock valued at $35,721,000 after buying an additional 11,339 shares during the period. Blue Trust Inc. increased its stake in shares of J. M. Smucker by 26.2% in the fourth quarter. Blue Trust Inc. now owns 1,302 shares of the company's stock worth $158,000 after acquiring an additional 270 shares during the period. Pacer Advisors Inc. boosted its stake in shares of J. M. Smucker by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 15,253 shares of the company's stock worth $1,680,000 after buying an additional 3,550 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of J. M. Smucker by 1.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 73,222 shares of the company's stock worth $8,100,000 after purchasing an additional 1,303 shares during the period. Finally, Private Advisor Group LLC increased its holdings in J. M. Smucker by 39.6% in the fourth quarter. Private Advisor Group LLC now owns 17,471 shares of the company's stock valued at $1,924,000 after buying an additional 4,960 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of SJM traded up $0.52 during mid-day trading on Tuesday, reaching $112.52. 787,837 shares of the company's stock traded hands, compared to its average volume of 1,148,802. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42. The business's 50-day moving average price is $114.27 and its 200-day moving average price is $111.24. The stock has a market capitalization of $11.97 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.84%. The ex-dividend date was Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SJM. Morgan Stanley began coverage on shares of J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 target price for the company. Citigroup dropped their target price on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating for the company in a report on Monday, May 19th. Jefferies Financial Group reaffirmed a "hold" rating on shares of J. M. Smucker in a research note on Wednesday, May 28th. Barclays decreased their price objective 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. Finally, DA Davidson cut their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of "Hold" and an average price target of $125.70.

Insider Activity at J. M. Smucker

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

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.