AssuredPartners Investment Advisors LLC Invests $559,000 in The J. M. Smucker Company (NYSE:SJM)

AssuredPartners Investment Advisors LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,075 shares of the company’s stock, valued at approximately $559,000.

Several other large investors have also added to or reduced their stakes in SJM. FMR LLC raised its position in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares during the last quarter. State Street Corp grew its position in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after purchasing an additional 762,746 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in J. M. Smucker in the 4th quarter valued at about $32,988,000. Amundi lifted its position in shares of J. M. Smucker by 49.3% during the 4th quarter. Amundi now owns 628,381 shares of the company’s stock worth $66,250,000 after buying an additional 207,477 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after buying an additional 192,748 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the company’s 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 directly owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Performance

Shares of SJM opened at $116.84 on Friday. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.15. The stock’s 50-day simple moving average is $107.93 and its 200 day simple moving average is $112.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.70%. J. M. Smucker’s dividend payout ratio (DPR) is currently -179.25%.

Analysts Set New Price Targets

SJM has been the topic of a number of recent analyst reports. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. 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 report on Monday, March 3rd. Morgan Stanley began coverage on shares of J. M. Smucker in a report on Monday. They set an “overweight” rating and a $123.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $125.67.

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.