The J. M. Smucker Company (NYSE:SJM) Holdings Increased by Northern Trust Corp

Northern Trust Corp increased its stake in The J. M. Smucker Company (NYSE:SJM) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,130,616 shares of the company’s stock after acquiring an additional 101,958 shares during the period. Northern Trust Corp owned approximately 1.06% of J. M. Smucker worth $124,503,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Capital Advisors Ltd. LLC boosted its stake in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in J. M. Smucker during the fourth quarter valued at about $27,000. Kentucky Trust Co bought a new position in J. M. Smucker during the fourth quarter valued at about $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker during the fourth quarter worth about $33,000. Finally, Hantz Financial Services Inc. bought a new stake in J. M. Smucker in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.8 %

Shares of J. M. Smucker stock opened at $114.70 on Friday. 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 1 year low of $98.77 and a 1 year high of $125.42. The stock has a 50-day moving average price of $113.96 and a 200 day moving average price of $111.69. The company has a market cap of $12.21 billion, a P/E ratio of 23.22, a P/E/G ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during 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%. As a group, analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.77%. J. M. Smucker’s dividend payout ratio is -179.25%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction that occurred on 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 directly owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of several recent research reports. DA Davidson lowered their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. UBS Group began coverage on J. M. Smucker in a research report on Wednesday, April 23rd. They set a “buy” rating and a $134.00 price objective for the company. Morgan Stanley started coverage on J. M. Smucker in a report on Monday, March 24th. They issued an “overweight” rating and a $123.00 target price on the stock. Finally, Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $126.50.

J. M. Smucker 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.