The J. M. Smucker Company (NYSE:SJM) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,096 shares of the company’s stock after selling 109 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in J. M. Smucker were worth $341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of J. M. Smucker by 12.0% during 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 during the last quarter. FMR LLC raised its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after purchasing an additional 958,142 shares during the last quarter. Nordea Investment Management AB raised its position in shares of 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 worth $150,082,000 after purchasing an additional 192,748 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of J. M. Smucker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock worth $119,966,000 after purchasing an additional 13,276 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of J. M. Smucker by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company’s stock worth $85,251,000 after purchasing an additional 31,745 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SJM shares. Wells Fargo & Company lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays reduced their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price target on 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $126.78.

J. M. Smucker Trading Up 2.5 %

SJM stock opened at $110.02 on Friday. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 3.91 and a beta of 0.27. 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 business has a fifty day simple moving average of $106.26 and a 200-day simple moving average of $113.43. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.59.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 EPS. On average, equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.93%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

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.