Raymond James & Associates Has $31.93 Million Position in The J. M. Smucker Company (NYSE:SJM)

Raymond James & Associates increased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,669 shares of the company's stock after purchasing an additional 7,945 shares during the period. Raymond James & Associates owned about 0.24% of J. M. Smucker worth $31,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in J. M. Smucker by 85,116.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company's stock valued at $333,130,000 after buying an additional 2,099,830 shares in the last quarter. Norges Bank acquired a new stake in J. M. Smucker in the 4th quarter valued at $219,033,000. Ameriprise Financial Inc. boosted its stake in J. M. Smucker by 487.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company's stock valued at $178,961,000 after buying an additional 1,210,837 shares in the last quarter. Nordea Investment Management AB boosted its stake in J. M. Smucker by 363.8% in the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company's stock valued at $160,258,000 after buying an additional 999,315 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in J. M. Smucker by 6.3% in the 2nd quarter. BlackRock Inc. now owns 10,001,040 shares of the company's stock valued at $1,476,854,000 after buying an additional 593,263 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SJM has been the topic of several recent analyst reports. Barclays boosted their price target on J. M. Smucker from $129.00 to $132.00 and gave the company an "equal weight" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. boosted their price objective on J. M. Smucker from $126.00 to $128.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on J. M. Smucker from $125.00 to $126.00 and gave the stock a "hold" rating in a research note on Wednesday, December 6th. Citigroup reduced their price objective on J. M. Smucker from $153.00 to $152.00 and set a "buy" rating on the stock in a research note on Wednesday, February 28th. Finally, TD Cowen boosted their price objective on J. M. Smucker from $133.00 to $136.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 6th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of "Hold" and a consensus price target of $137.20.

J. M. Smucker Trading Up 0.1 %

Shares of SJM traded up $0.15 during trading hours on Friday, hitting $125.87. 1,267,510 shares of the stock traded hands, compared to its average volume of 1,163,178. The business has a fifty day moving average of $125.87 and a 200-day moving average of $121.79. The firm has a market capitalization of $13.36 billion, a PE ratio of -143.03, a price-to-earnings-growth ratio of 2.01 and a beta of 0.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.92.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.21. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The firm's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 earnings per share. Analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $1.06 dividend. The ex-dividend date was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a yield of 3.37%. J. M. Smucker's dividend payout ratio is presently -481.81%.

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.