Natixis Advisors LP reduced its stake in JM Smucker Company (NYSE:SJM – Get Rating) by 5.6% in the fourth quarter, according to its latest disclosure to the SEC. The fund owned 20,105 shares of the company after selling 1,187 of his shares during the period. Natixis Advisors LP’s JM Smucker holding was valued at $3,186,000 at the end of the most recent reporting period.
Several other large investors have also recently changed positions in SJM. Klaas Financial Asset Advisors LLC bought a new stake in JM Smucker for his $27,000 in the third quarter. Eagle Bay Advisors LLC bought his new stake in JM Smucker for his $27,000 in the second quarter. The Center for Financial Planning Inc. increased his JM Smucker shareholding by 20,000.0% during the third quarter. Center for Financial Planning Inc. now owns 201 shares worth $28,000 after purchasing another 200 shares during the previous quarter. Guardian Wealth Advisors LLC purchased his new stake in JM Smucker for $29,000 in the third quarter. Finally, Destiny Wealth Partners LLC increased his JM Smucker shareholding by 295.7% during the fourth quarter. Destiny Wealth Partners LLC now owns 182 shares worth $29,000 after purchasing an additional 136 shares last quarter. Institutional investors own 79.21% of the company’s shares.
JM Smucker Trading Up 0.7 %
The NYSE SJM opened at $153.38 on Tuesday. The company has a market cap of $16.36 billion, a P/E ratio of 23.10, a P/E/G ratio of 4.39 and a beta of 0.22. The company has a debt to equity ratio of 0.52, a current ratio of 1.16 and a quick ratio of 0.45. The stock has a 50-day moving average of $151.80 and a 200-day moving average of $150.85. His one-year low on the JM Smucker Company is $119.82 and his one-year high is $163.07.
JM Smucker (NYSE:SJM – Get Rating) last reported quarterly results on Tuesday, Feb. 28. The company reported EPS of $2.21 for the quarter, beating analyst consensus expectations of $2.13 by $0.08. The company’s quarterly earnings were $2.22 billion, while analyst estimates were that he was $2.22 billion. JM Smucker had a return on equity of 11.10% and a net profit margin of 8.54%. JM Smucker’s revenue increased by 7.7% compared to the same period last year. During the same quarter last year, the company posted his $2.33 earnings per share. Sell-side analysts expect JM Smucker Company to post his 8.67 earnings per share for the current financial year.
JM Smucker Announces Dividend
The company recently announced a quarterly dividend, which was paid out on Wednesday, March 1st. Investors of record on Friday, February 10 were awarded a dividend of $1.02. This represents his $4.08 dividend and his 2.66% yield on an annual basis. The ex-dividend date for this dividend was Thursday, February 9. JM Smucker’s payout ratio is currently 61.45%.
Analyst upgrades and downgrades
SJM has been the topic of several recent research reports. UBS Group upgraded JM Smucker from a ‘sell’ rating to a ‘neutral’ rating in a report on Friday, February 10, raising the company’s price target from $132.00 to his $155.00. Argus upgraded JM Smucker’s rating from ‘hold’ to ‘buy’ and set a price target of $170.00 in its report on Monday, March 27. Morgan Stanley upgraded JM Smucker’s rating from ‘underweight’ to ‘equal weight’ and raised the company’s price target from $135.00 to $158.00, in a report on Tuesday, December 20. . Deutsche Bank Aktiengesellschaft raised its price target on JM Smucker from $153.00 to $159.00, giving the company a ‘Hold’ rating in its report on Monday, March 20th. Finally, Stifel Nicolaus kicked off his JM Smucker coverage in his Thursday, April 13th report. They issued a “hold” rating and a stock price target of $168.00. Four analysts rated the stock with a sell rating, seven issued a hold rating, and two analysts assigned a buy rating to the company’s stock. According to MarketBeat data, the current consensus rating for the stock is Hold, with an average target price of $153.27.
Insider activity on JM Smucker
In related news, Director Richard K. Smucker sold 26,294 shares of JM Smucker in a transaction that took place on Tuesday, March 7. The shares were sold at an average price of $150.04, giving him a total of $3,945,151.76. After the sale, the directors now own 629,282 shares in the company, valued at approximately $94,417,471.28. The sale is disclosed in legal filings with the SEC, which can be accessed at this link. In related news, Director Richard K. Smucker sold 26,294 shares of JM Smucker in a transaction that took place on Tuesday, March 7. The shares were sold at an average price of $150.04, giving him a total of $3,945,151.76. After the sale, the directors now own 629,282 shares in the company, valued at approximately $94,417,471.28. The sale is disclosed in legal filings with the SEC, which can be accessed at this link. In addition, Director Richard K. Smucker sold 51,373 shares of JM Smucker in a transaction that took place on Friday, March 24. The shares were sold at an average price of $154.27 for a total of $7,925,312.71. Following the closing of the sale, the directors now own 640,409 shares of the company directly, valued at approximately $98,795,896.43. Please see here for the disclosure of this sale. In the last quarter, the insider sold 122,462 shares of his company stock worth $18,744,753. His 3.90% of shares are owned by insiders.
JM Smucker company profile
JM Smucker Co is engaged in the manufacturing and marketing of food and beverage products. It operates through the U.S. Retail Coffee, U.S. Retail Consumer Food, U.S. Retail Pet Food, and International and Away From Home segments. The US Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts and Café Bustelo branded coffees.
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