The J. M. Smucker Company (NYSE:SJM) Stock Position Raised by Sage Capital Advisors llc

Sage Capital Advisors llc boosted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 66,815 shares of the company’s stock after buying an additional 595 shares during the quarter. J. M. Smucker accounts for 1.9% of Sage Capital Advisors llc’s investment portfolio, making the stock its 13th biggest holding. Sage Capital Advisors llc’s holdings in J. M. Smucker were worth $7,358,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its stake in J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after acquiring an additional 310 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of J. M. Smucker by 16.5% in the fourth 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 in the last quarter. FMR LLC boosted its holdings in shares of J. M. Smucker by 40.0% during the third 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 period. Great Valley Advisor Group Inc. purchased a new position in J. M. Smucker during the third quarter valued at approximately $3,266,000. Finally, Douglas Lane & Associates LLC increased its stake in J. M. Smucker by 6.7% in the 4th quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company’s stock valued at $29,875,000 after buying an additional 16,963 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other J. M. Smucker 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 transaction of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Performance

SJM traded down $3.35 on Friday, hitting $102.08. 613,907 shares of the stock traded hands, compared to its average volume of 954,170. The business has a fifty day moving average price of $112.88 and a two-hundred day moving average price of $115.70. 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 J. M. Smucker Company has a 52 week low of $101.31 and a 52 week high of $134.62. The firm has a market capitalization of $10.86 billion, a PE ratio of 20.66, a P/E/G ratio of 3.46 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the business earned $2.59 earnings per share. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, research analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $125.00 in a report on Friday, October 25th. Wells Fargo & Company lifted their target price 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. Barclays cut their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a research report on Wednesday. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $127.33.

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.