Northern Trust Corp Has $124.50 Million Position in The J. M. Smucker Company (NYSE:SJM)

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

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of J. M. Smucker by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after acquiring an additional 130,533 shares during the last quarter. FMR LLC lifted its position in J. M. Smucker by 11.3% during the fourth quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after purchasing an additional 380,309 shares during the last quarter. Geode Capital Management LLC raised its position in J. M. Smucker by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock valued at $286,664,000 after purchasing an additional 58,231 shares during the period. Invesco Ltd. raised its stake in shares of J. M. Smucker by 21.0% in the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock valued at $265,942,000 after acquiring an additional 418,878 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of J. M. Smucker by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock valued at $221,232,000 after buying an additional 33,758 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

NYSE SJM traded down $1.41 during trading hours on Wednesday, hitting $112.11. The company had a trading volume of 562,600 shares, compared to its average volume of 1,163,511. The business has a 50 day moving average of $114.13 and a 200-day moving average of $111.52. The company has a market cap of $11.93 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.23 billion. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

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 given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

Wall Street Analyst Weigh In

SJM has been the subject of a number of analyst reports. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Stifel Nicolaus cut their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. UBS Group began coverage on shares of J. M. Smucker in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 target price for the company. Morgan Stanley initiated coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price target on the stock. Finally, DA Davidson dropped 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus price target of $126.50.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, 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 disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

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.