NewEdge Advisors LLC Sells 30,936 Shares of The J. M. Smucker Company (NYSE:SJM)

NewEdge Advisors LLC lowered its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 83.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,284 shares of the company's stock after selling 30,936 shares during the period. NewEdge Advisors LLC's holdings in J. M. Smucker were worth $692,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at $112,978,000. LSV Asset Management raised its position in J. M. Smucker by 3,599.5% during the fourth quarter. LSV Asset Management now owns 929,400 shares of the company's stock valued at $102,346,000 after buying an additional 904,278 shares during the period. FIL Ltd lifted its stake in J. M. Smucker by 87.8% in the 4th quarter. FIL Ltd now owns 925,000 shares of the company's stock worth $101,861,000 after acquiring an additional 432,500 shares in the last quarter. Invesco Ltd. boosted its position in J. M. Smucker by 21.0% during the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock worth $265,942,000 after acquiring an additional 418,878 shares during the period. Finally, FMR LLC grew its stake in J. M. Smucker by 11.3% during the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after acquiring an additional 380,309 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. DA Davidson decreased their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays cut their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. 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, the company currently has a consensus rating of "Hold" and an average target price of $126.50.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm's 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 sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $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 corporate insiders.

J. M. Smucker Price Performance

Shares of SJM stock traded up $0.94 during mid-day trading on Wednesday, reaching $116.23. The company's stock had a trading volume of 1,578,321 shares, compared to its average volume of 1,171,519. The firm's 50-day moving average is $113.73 and its two-hundred day moving average is $111.73. The company has a market cap of $12.37 billion, a P/E ratio of 23.53, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, research 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 $1.08 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.72%. J. M. Smucker's dividend payout ratio is -179.25%.

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.