Signaturefd LLC Buys 571 Shares of The J. M. Smucker Company (NYSE:SJM)

Signaturefd LLC raised its stake in The J. M. Smucker Company (NYSE:SJM) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,606 shares of the company’s stock after acquiring an additional 571 shares during the quarter. Signaturefd LLC’s holdings in J. M. Smucker were worth $456,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SJM. Ameriprise Financial Inc. raised its holdings in J. M. Smucker by 487.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after acquiring an additional 1,210,837 shares during the period. Nordea Investment Management AB increased its holdings in shares of J. M. Smucker by 363.8% during the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after purchasing an additional 999,315 shares during the period. International Assets Investment Management LLC increased its holdings in shares of J. M. Smucker by 12,722.3% during the fourth quarter. International Assets Investment Management LLC now owns 334,022 shares of the company’s stock worth $42,214,000 after purchasing an additional 331,417 shares during the period. FMR LLC increased its holdings in shares of J. M. Smucker by 32.2% during the third quarter. FMR LLC now owns 646,827 shares of the company’s stock worth $79,501,000 after purchasing an additional 157,443 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of J. M. Smucker by 9.3% during the third quarter. Invesco Ltd. now owns 1,777,750 shares of the company’s stock worth $218,503,000 after purchasing an additional 151,389 shares during the period. 81.66% of the stock is owned by institutional investors.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the transaction, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SJM. JPMorgan Chase & Co. raised their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Barclays raised their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Citigroup decreased their price objective on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. TD Cowen decreased their price objective on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $137.47.

J. M. Smucker Trading Up 0.7 %

Shares of J. M. Smucker stock opened at $118.55 on Thursday. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The company’s 50 day moving average price is $120.63 and its two-hundred day moving average price is $120.68.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $2.21 earnings per share. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $1.06 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.58%. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

About J. M. Smucker

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.