Cerity Partners LLC Has $11.07 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Cerity Partners LLC raised its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,627 shares of the company's stock after acquiring an additional 36,867 shares during the quarter. Cerity Partners LLC owned approximately 0.08% of J. M. Smucker worth $11,074,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Kinneret Advisory LLC grew its position in shares of J. M. Smucker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 3,302 shares of the company's stock worth $447,000 after buying an additional 74 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of J. M. Smucker by 3.7% during the first quarter. Moneta Group Investment Advisors LLC now owns 2,382 shares of the company's stock worth $375,000 after buying an additional 86 shares in the last quarter. Williams Jones Wealth Management LLC. grew its position in shares of J. M. Smucker by 1.0% during the first quarter. Williams Jones Wealth Management LLC. now owns 8,327 shares of the company's stock worth $1,310,000 after buying an additional 86 shares in the last quarter. Shell Asset Management Co. grew its position in shares of J. M. Smucker by 4.4% during the third quarter. Shell Asset Management Co. now owns 2,183 shares of the company's stock worth $268,000 after buying an additional 93 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC grew its position in shares of J. M. Smucker by 2.0% during the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company's stock worth $595,000 after buying an additional 97 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

SJM stock traded up $0.59 on Monday, reaching $110.20. 1,362,208 shares of the company's stock were exchanged, compared to its average volume of 1,269,802. The stock has a fifty day moving average of $122.62 and a 200-day moving average of $120.93. The J. M. Smucker Company has a twelve month low of $107.33 and a twelve month high of $159.92. The firm has a market cap of $11.70 billion, a PE ratio of -125.23, a P/E/G ratio of 1.75 and a beta of 0.21. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Thursday, February 15th. J. M. Smucker's dividend payout ratio is presently -481.81%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of brokerages have recently commented on SJM. Barclays boosted their price objective on J. M. Smucker from $129.00 to $132.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 29th. Stifel Nicolaus upgraded J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 target price for the company in a research note on Wednesday, February 28th. Citigroup decreased their target price on 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. JPMorgan Chase & Co. boosted their target price 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. Finally, TD Cowen decreased their target price on J. M. Smucker from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $137.47.

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.