The J. M. Smucker Company (NYSE:SJM) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in The J. M. Smucker Company (NYSE:SJM) by 51.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 560,627 shares of the company’s stock after selling 582,700 shares during the quarter. Ameriprise Financial Inc. owned about 0.53% of J. M. Smucker worth $61,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock valued at $35,721,000 after buying an additional 11,339 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $1,273,000. Signal Advisors Wealth LLC grew its position in shares of J. M. Smucker by 336.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after purchasing an additional 9,982 shares during the period. Nisa Investment Advisors LLC increased its stake in J. M. Smucker by 88.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,465 shares of the company’s stock valued at $1,263,000 after purchasing an additional 5,395 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in J. M. Smucker by 285.4% during the fourth quarter. SG Americas Securities LLC now owns 25,304 shares of the company’s stock worth $2,786,000 after buying an additional 18,739 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 0.5 %

SJM opened at $111.48 on Friday. The firm’s 50 day moving average is $114.20 and its 200-day moving average is $111.42. 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 quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11.86 billion, a P/E ratio of 22.57, a P/E/G ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.88%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The sale 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 dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares in the company, 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. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group assumed coverage on shares of J. M. Smucker in a research note on Wednesday, April 23rd. They set a “buy” rating and a $134.00 price objective for the company. Barclays cut their price target on shares of 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 started coverage on J. M. Smucker in a report on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective for the company. Stifel Nicolaus reduced their target price 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. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average target price of $126.50.

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.