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

Nisa Investment Advisors LLC trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 23.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,882 shares of the company’s stock after selling 1,792 shares during the period. Nisa Investment Advisors LLC’s holdings in J. M. Smucker were worth $743,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Edmp Inc. increased its holdings in shares of J. M. Smucker by 3.4% in the 4th quarter. Edmp Inc. now owns 10,416 shares of the company’s stock valued at $1,316,000 after acquiring an additional 342 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in shares of J. M. Smucker by 5.8% in the 4th quarter. Venture Visionary Partners LLC now owns 25,408 shares of the company’s stock valued at $3,211,000 after acquiring an additional 1,386 shares during the last quarter. Allworth Financial LP increased its holdings in shares of J. M. Smucker by 5.8% in the 4th quarter. Allworth Financial LP now owns 2,646 shares of the company’s stock valued at $334,000 after acquiring an additional 144 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of J. M. Smucker by 12,722.3% in the 4th quarter. International Assets Investment Management LLC now owns 334,022 shares of the company’s stock valued at $42,214,000 after acquiring an additional 331,417 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its holdings in shares of J. M. Smucker by 3.4% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 60,392 shares of the company’s stock valued at $7,632,000 after acquiring an additional 1,989 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Trading Down 0.2 %

Shares of SJM stock opened at $109.99 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92. The stock has a fifty day moving average of $122.18 and a two-hundred day moving average of $120.84. The firm has a market capitalization of $11.68 billion, a PE ratio of -124.99, a price-to-earnings-growth ratio of 1.75 and a beta of 0.21.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm posted $2.21 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a yield of 3.85%. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Citigroup lowered their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Barclays upped their price objective on J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. TD Cowen lowered their price objective on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $137.47.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by 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.