Natixis Advisors L.P. Has $11.06 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Natixis Advisors L.P. grew its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 340.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,518 shares of the company's stock after acquiring an additional 67,654 shares during the quarter. Natixis Advisors L.P. owned 0.08% of J. M. Smucker worth $11,060,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its position in shares of J. M. Smucker by 300.0% in the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the period. Valley National Advisers Inc. grew its position in shares of J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company's stock worth $35,000 after purchasing an additional 272 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in J. M. Smucker by 77.1% in the 4th quarter. Lindbrook Capital LLC now owns 409 shares of the company's stock worth $52,000 after purchasing an additional 178 shares in the last quarter. Planned Solutions Inc. purchased a new stake in J. M. Smucker during the 4th quarter valued at approximately $59,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of J. M. Smucker by 23.2% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company's stock valued at $65,000 after buying an additional 100 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 0.0 %

Shares of SJM stock traded up $0.05 during mid-day trading on Wednesday, hitting $112.99. The stock had a trading volume of 897,347 shares, compared to its average volume of 1,260,513. The firm has a market capitalization of $12.00 billion, a P/E ratio of -128.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.23. 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 J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.37. The firm's 50-day moving average is $118.51 and its two-hundred day moving average is $120.71.

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, beating analysts' consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm posted $2.21 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 annualized dividend and a yield of 3.75%. J. M. Smucker's dividend payout ratio (DPR) is presently -481.81%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were 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 $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

SJM has been the subject of a number of research analyst reports. DA Davidson began coverage on J. M. Smucker in a research report on Friday, March 1st. They set a "neutral" rating and a $132.00 price objective for the company. Barclays boosted their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an "equal weight" rating in a report on Thursday, February 29th. Stifel Nicolaus raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price target for the company in a report on Wednesday, February 28th. 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, JPMorgan Chase & Co. lifted their target price on J. M. Smucker from $126.00 to $128.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of "Hold" and a consensus price target of $137.47.

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.