Geode Capital Management LLC Grows Holdings in The J. M. Smucker Company (NYSE:SJM)

Geode Capital Management LLC boosted its position in The J. M. Smucker Company (NYSE:SJM) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,609,952 shares of the company’s stock after purchasing an additional 58,231 shares during the period. Geode Capital Management LLC owned about 2.45% of J. M. Smucker worth $286,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its position in shares of J. M. Smucker by 9.9% during the fourth quarter. National Bank of Canada FI now owns 50,068 shares of the company’s stock valued at $5,514,000 after acquiring an additional 4,518 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in J. M. Smucker by 2.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 28,656 shares of the company’s stock valued at $3,156,000 after purchasing an additional 800 shares during the period. Alliancebernstein L.P. increased its position in shares of J. M. Smucker by 63.0% during the 4th quarter. Alliancebernstein L.P. now owns 208,242 shares of the company’s stock valued at $22,932,000 after purchasing an additional 80,511 shares during the last quarter. Joseph Group Capital Management raised its stake in shares of J. M. Smucker by 14.3% during the 4th quarter. Joseph Group Capital Management now owns 23,729 shares of the company’s stock worth $2,613,000 after purchasing an additional 2,963 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of J. M. Smucker by 42.3% in the 4th quarter. Schroder Investment Management Group now owns 18,509 shares of the company’s stock worth $2,034,000 after buying an additional 5,505 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 2.8 %

Shares of SJM opened at $115.03 on Friday. The business’s 50-day moving average price is $109.70 and its 200-day moving average price is $112.14. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The stock has a market cap of $12.24 billion, a PE ratio of 23.29, a P/E/G ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, equities analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.76%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

SJM has been the topic of several research reports. Morgan Stanley assumed coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective on the stock. Barclays dropped their price objective 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. Stifel Nicolaus decreased their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Finally, DA Davidson decreased their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average price target of $125.67.

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.