The J. M. Smucker Company (NYSE:SJM) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 131.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,406 shares of the company's stock after purchasing an additional 119,570 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.20% of J. M. Smucker worth $23,170,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its holdings in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in J. M. Smucker in the fourth quarter worth about $27,000. Kentucky Trust Co bought a new position in J. M. Smucker in the fourth quarter worth about $28,000. Kieckhefer Group LLC bought a new position in J. M. Smucker in the fourth quarter worth about $33,000. Finally, Hantz Financial Services Inc. bought a new position in J. M. Smucker in the fourth quarter worth about $39,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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. Barclays dropped their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Morgan Stanley assumed coverage on 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. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Finally, UBS Group assumed coverage on J. M. Smucker in a research note on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $126.50.

J. M. Smucker Price Performance

NYSE SJM traded up $1.02 during mid-day trading on Monday, hitting $112.56. The stock had a trading volume of 1,328,396 shares, compared to its average volume of 1,172,592. The firm's 50 day moving average is $114.26 and its 200 day moving average is $111.32. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month 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. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 3.91 and a beta of 0.36.

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

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's dividend payout ratio is currently -179.25%.

Insider Activity at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction 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 transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is 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.