The J. M. Smucker Company (NYSE:SJM) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 65.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,875 shares of the company’s stock after selling 9,120 shares during the quarter. Teacher Retirement System of Texas’ holdings in J. M. Smucker were worth $616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in J. M. Smucker by 487.5% during the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after acquiring an additional 1,210,837 shares during the last quarter. Nordea Investment Management AB grew its position in shares of J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after purchasing an additional 999,315 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of J. M. Smucker by 12,722.3% in the fourth quarter. International Assets Investment Management LLC now owns 334,022 shares of the company’s stock valued at $42,214,000 after purchasing an additional 331,417 shares in the last quarter. FMR LLC increased its holdings in shares of J. M. Smucker by 32.2% in the third quarter. FMR LLC now owns 646,827 shares of the company’s stock valued at $79,501,000 after purchasing an additional 157,443 shares during the last quarter. Finally, Invesco Ltd. lifted its position in 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 buying an additional 151,389 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SJM. DA Davidson assumed coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Citigroup decreased their target price on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. TD Cowen cut their price target on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, Barclays upped their price objective on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $137.47.

J. M. Smucker Stock Performance

NYSE SJM opened at $109.77 on Friday. The company has a market cap of $11.66 billion, a P/E ratio of -124.74, a P/E/G ratio of 1.66 and a beta of 0.23. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $156.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The stock has a 50-day moving average of $116.51 and a two-hundred day moving average of $120.71.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm earned $2.21 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts anticipate that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker’s payout ratio is presently -481.81%.

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.