Price T Rowe Associates Inc. MD Has $16.73 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Price T Rowe Associates Inc. MD boosted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,950 shares of the company's stock after buying an additional 2,402 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.14% of J. M. Smucker worth $16,734,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SJM. Salem Investment Counselors Inc. lifted its holdings in shares of J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company's stock valued at $73,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont raised its position in J. M. Smucker by 4.1% during the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company's stock valued at $301,000 after acquiring an additional 108 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in J. M. Smucker by 6.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock valued at $203,000 after acquiring an additional 115 shares during the last quarter. Mendel Money Management grew its position in J. M. Smucker by 3.1% in the fourth quarter. Mendel Money Management now owns 3,933 shares of the company's stock worth $433,000 after acquiring an additional 117 shares in the last quarter. Finally, Code Waechter LLC increased its stake in shares of J. M. Smucker by 2.5% during the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company's stock worth $553,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on SJM. Barclays lowered their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson lowered their target price on shares of 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. Finally, UBS Group assumed coverage on shares of J. M. Smucker in a research report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and an average price target of $126.50.

J. M. Smucker Trading Down 0.8 %

Shares of NYSE:SJM traded down $0.89 during midday trading on Wednesday, hitting $112.63. The company had a trading volume of 107,492 shares, compared to its average volume of 1,161,362. The firm has a fifty day simple moving average of $114.13 and a 200 day simple moving average of $111.52. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 3.91 and a beta of 0.36. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month 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 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm 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 dividend of $1.08 per share. 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 payout ratio is presently -179.25%.

Insiders Place Their Bets

In other news, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction dated 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. The trade was a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

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.