The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in The J. M. Smucker Company (NYSE:SJM) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,860 shares of the company’s stock after buying an additional 20,748 shares during the quarter. Victory Capital Management Inc. owned about 0.16% of J. M. Smucker worth $19,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SJM. Van ECK Associates Corp boosted its position in shares of J. M. Smucker by 5.7% in the third quarter. Van ECK Associates Corp now owns 4,718 shares of the company’s stock worth $555,000 after buying an additional 255 shares during the period. Principal Financial Group Inc. grew its stake in J. M. Smucker by 4.5% in the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company’s stock worth $16,405,000 after purchasing an additional 5,790 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $269,000. Sigma Planning Corp increased its stake in J. M. Smucker by 5.1% during the third quarter. Sigma Planning Corp now owns 4,115 shares of the company’s stock valued at $498,000 after purchasing an additional 201 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 2.5 %

SJM stock opened at $114.17 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market cap of $12.15 billion, a PE ratio of 23.11, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. The company has a fifty day simple moving average of $106.50 and a 200 day simple moving average of $112.73.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.78%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays cut their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. DA Davidson reduced their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $126.00.

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.