Coldstream Capital Management Inc. Acquires New Holdings in The J. M. Smucker Company (NYSE:SJM)

Coldstream Capital Management Inc. purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,738 shares of the company's stock, valued at approximately $1,863,000.

A number of other hedge funds have also bought and sold shares of the business. New Mexico Educational Retirement Board increased its position in J. M. Smucker by 5.7% in the third quarter. New Mexico Educational Retirement Board now owns 5,522 shares of the company's stock worth $679,000 after buying an additional 300 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of J. M. Smucker by 2.8% in the third quarter. Daiwa Securities Group Inc. now owns 8,637 shares of the company's stock valued at $1,062,000 after purchasing an additional 237 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of J. M. Smucker by 17.1% in the third quarter. Nisa Investment Advisors LLC now owns 7,674 shares of the company's stock valued at $943,000 after purchasing an additional 1,120 shares in the last quarter. Empirical Finance LLC grew its position in shares of J. M. Smucker by 9.6% in the third quarter. Empirical Finance LLC now owns 3,725 shares of the company's stock valued at $458,000 after purchasing an additional 326 shares in the last quarter. Finally, D.B. Root & Company LLC grew its position in shares of J. M. Smucker by 35.9% in the third quarter. D.B. Root & Company LLC now owns 7,270 shares of the company's stock valued at $894,000 after purchasing an additional 1,920 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, April 29th. Barclays lifted their price target on J. M. Smucker from $129.00 to $132.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th. 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 target price for the company. TD Cowen reduced their target price on J. M. Smucker from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Finally, 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 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 stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $137.47.

J. M. Smucker Trading Down 2.0 %

Shares of NYSE SJM traded down $2.25 during midday trading on Tuesday, reaching $112.06. The company had a trading volume of 1,193,326 shares, compared to its average volume of 1,248,190. The J. M. Smucker Company has a one year low of $107.33 and a one year high of $156.03. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The firm's fifty day moving average price is $117.43 and its 200-day moving average price is $120.80. The stock has a market cap of $11.90 billion, a PE ratio of -129.88, a price-to-earnings-growth ratio of 1.73 and a beta of 0.23.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating 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 company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the company posted $2.21 EPS. J. M. Smucker's revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is presently -481.81%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the company's 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 completion of the transaction, the insider now owns 8,946 shares of the company's stock, valued at approximately $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.

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.