The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 9.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,130,616 shares of the company's stock after buying an additional 101,958 shares during the period. Northern Trust Corp owned approximately 1.06% of J. M. Smucker worth $124,503,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its stake in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $27,000. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the fourth quarter valued at about $28,000. Kieckhefer Group LLC bought a new position in J. M. Smucker during the fourth quarter worth about $33,000. Finally, Hantz Financial Services Inc. acquired a new stake in J. M. Smucker in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE SJM traded up $0.64 during mid-day trading on Thursday, reaching $112.90. The company's stock had a trading volume of 485,459 shares, compared to its average volume of 1,164,548. The firm has a market capitalization of $12.01 billion, a PE ratio of 22.84, a P/E/G ratio of 3.91 and a beta of 0.36. The stock has a fifty day moving average of $114.16 and a two-hundred day moving average of $111.52. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Wall Street Analyst Weigh In

SJM has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson cut their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. UBS Group started coverage on shares of J. M. Smucker in a report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $126.50.

Insider Activity

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

J. M. Smucker 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.