Boston Partners Sells 2,236,190 Shares of The J. M. Smucker Company (NYSE:SJM)

Boston Partners trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 65.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,181,483 shares of the company’s stock after selling 2,236,190 shares during the quarter. Boston Partners’ holdings in J. M. Smucker were worth $130,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SJM. Sumitomo Mitsui Trust Group Inc. boosted its holdings in J. M. Smucker by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock valued at $35,721,000 after acquiring an additional 11,339 shares during the period. Raymond James Trust N.A. boosted its holdings in J. M. Smucker by 6.8% during the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after acquiring an additional 310 shares during the period. Nordea Investment Management AB boosted its holdings in J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after acquiring an additional 192,748 shares during the period. Miracle Mile Advisors LLC purchased a new stake in J. M. Smucker during the 4th quarter valued at about $1,273,000. Finally, Signal Advisors Wealth LLC boosted its holdings in J. M. Smucker by 336.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after acquiring an additional 9,982 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Down 1.0 %

Shares of NYSE:SJM opened at $110.78 on Wednesday. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59. The firm has a market capitalization of $11.79 billion, a P/E ratio of 22.43, a P/E/G ratio of 3.91 and a beta of 0.28. The stock has a 50 day moving average price of $106.65 and a 200-day moving average price of $112.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last announced its 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. 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 analyst estimates of $2.23 billion. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Analyst Upgrades and Downgrades

SJM has been the subject of several analyst reports. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. DA Davidson dropped their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Barclays lowered their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $126.00.

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.