The J. M. Smucker Company (NYSE:SJM) Stake Increased by Tobam

Tobam boosted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 248,636 shares of the company's stock after purchasing an additional 18,279 shares during the quarter. J. M. Smucker comprises 2.7% of Tobam's holdings, making the stock its 8th largest holding. Tobam owned 0.23% of J. M. Smucker worth $31,423,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its stake in shares of 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 during the period. Norges Bank acquired a new stake in J. M. Smucker in the fourth quarter valued at approximately $219,033,000. Ameriprise Financial Inc. increased its holdings in shares of J. M. Smucker by 487.5% during the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company's stock valued at $178,961,000 after acquiring an additional 1,210,837 shares in the last quarter. Nordea Investment Management AB raised its position in shares of J. M. Smucker by 363.8% during the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company's stock worth $160,258,000 after purchasing an additional 999,315 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of J. M. Smucker by 12,722.3% in the 4th quarter. International Assets Investment Management LLC now owns 334,022 shares of the company's stock worth $42,214,000 after purchasing an additional 331,417 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now directly owns 8,946 shares of the company's stock, valued at approximately $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on SJM shares. Citigroup decreased their price target on shares of J. M. Smucker from $153.00 to $152.00 and set a "buy" rating for the company in a research note on Wednesday, February 28th. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday. Stifel Nicolaus upgraded J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price target for the company in a research note on Wednesday, February 28th. DA Davidson started coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a "neutral" rating and a $132.00 price objective for the company. Finally, Wells Fargo & Company began coverage on J. M. Smucker in a report on Tuesday, December 12th. They set an "overweight" rating and a $140.00 price target for the company. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $137.20.

J. M. Smucker Trading Up 1.2 %

NYSE:SJM traded up $1.43 during mid-day trading on Tuesday, reaching $117.37. 981,834 shares of the company's stock traded hands, compared to its average volume of 1,271,920. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The company has a 50 day moving average price of $124.25 and a 200-day moving average price of $121.35. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of -133.37, a PEG ratio of 1.87 and a beta of 0.21.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.21. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations 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 business's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 earnings per share. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker's dividend payout ratio is currently -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.