The J. M. Smucker Company (NYSE:SJM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,783 shares of the company’s stock after selling 221 shares during the period. Allspring Global Investments Holdings LLC’s holdings in J. M. Smucker were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of J. M. Smucker by 11.0% during the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after purchasing an additional 102 shares during the last quarter. International Assets Investment Management LLC increased its stake in J. M. Smucker by 4,996.0% in the third quarter. International Assets Investment Management LLC now owns 207,202 shares of the company’s stock valued at $25,092,000 after purchasing an additional 203,136 shares during the period. Mount Yale Investment Advisors LLC increased its stake in shares of J. M. Smucker by 4.9% during the third quarter. Mount Yale Investment Advisors LLC now owns 3,260 shares of the company’s stock worth $395,000 after acquiring an additional 151 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of J. M. Smucker by 29.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,805 shares of the company’s stock worth $1,551,000 after acquiring an additional 2,934 shares during the period. Finally, Forsta AP Fonden increased its stake in shares of J. M. Smucker by 39.3% during the third quarter. Forsta AP Fonden now owns 30,500 shares of the company’s stock worth $3,694,000 after acquiring an additional 8,600 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

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

J. M. Smucker Trading Up 0.8 %

NYSE SJM opened at $110.93 on Tuesday. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27. The company’s fifty day moving average price is $106.22 and its two-hundred day moving average price is $113.33.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $2.59 EPS. As a group, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.89%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.40% of the stock is owned by corporate 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.