The J. M. Smucker Company (NYSE:SJM) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,056 shares of the company's stock after selling 2,448 shares during the period. Voya Investment Management LLC's holdings in J. M. Smucker were worth $3,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SJM. Salem Investment Counselors Inc. boosted its position in 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 in the last quarter. Trust Co. of Vermont boosted its holdings in shares of J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company's stock valued at $301,000 after buying an additional 108 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of J. M. Smucker by 6.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock worth $203,000 after buying an additional 115 shares during the last quarter. Mendel Money Management raised its stake in shares of J. M. Smucker by 3.1% during the 4th 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 lifted its position in J. M. Smucker by 2.5% during the fourth quarter. Code Waechter LLC now owns 5,023 shares of the company's stock valued at $553,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker 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 in the company, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price target on the stock. Barclays dropped their target price 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. Stifel Nicolaus decreased their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. 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. Finally, UBS Group began coverage on shares of J. M. Smucker in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $126.50.

J. M. Smucker Stock Performance

SJM traded down $0.73 during trading on Monday, reaching $114.03. 713,398 shares of the company's stock were exchanged, compared to its average volume of 1,166,121. 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 J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42. The company's fifty day simple moving average is $113.96 and its 200-day simple moving average is $111.56. The stock has a market capitalization of $12.14 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36.

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 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 analyst estimates of $2.23 billion. As a group, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.79%. J. M. Smucker's payout ratio is -179.25%.

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.