Intact Investment Management Inc. Purchases Shares of 22,500 The J. M. Smucker Company (NYSE:SJM)

Intact Investment Management Inc. bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,500 shares of the company's stock, valued at approximately $2,844,000.

Several other hedge funds have also modified their holdings of SJM. Ameriprise Financial Inc. lifted 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 purchasing an additional 1,210,837 shares during the last quarter. Nordea Investment Management AB lifted 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 worth $160,258,000 after acquiring an additional 999,315 shares in the last quarter. International Assets Investment Management LLC lifted its stake in 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 acquiring an additional 331,417 shares in the last quarter. FMR LLC lifted its stake in J. M. Smucker by 32.2% in the 3rd quarter. FMR LLC now owns 646,827 shares of the company's stock worth $79,501,000 after acquiring an additional 157,443 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in J. M. Smucker by 9.3% in the 3rd quarter. Invesco Ltd. now owns 1,777,750 shares of the company's stock worth $218,503,000 after acquiring an additional 151,389 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Down 1.4 %

Shares of NYSE SJM traded down $1.58 during mid-day trading on Friday, reaching $113.60. 1,359,460 shares of the company traded hands, compared to its average volume of 1,196,564. The company's fifty day moving average is $120.10 and its two-hundred day moving average is $120.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The stock has a market cap of $12.06 billion, a PE ratio of -129.09, a price-to-earnings-growth ratio of 1.81 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 EPS for the quarter, topping the consensus estimate 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%. J. M. Smucker's revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $2.21 EPS. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $1.06 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.73%. J. M. Smucker's dividend payout ratio (DPR) is presently -481.81%.

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 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 completion of the transaction, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SJM shares. Citigroup reduced their price objective 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. 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. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, April 8th. Stifel Nicolaus raised 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. Finally, TD Cowen cut their price target 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.