The J. M. Smucker Company (NYSE:SJM) Position Lessened by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its position in The J. M. Smucker Company (NYSE:SJM) by 69.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,585 shares of the company’s stock after selling 5,945 shares during the quarter. Boston Trust Walden Corp’s holdings in J. M. Smucker were worth $285,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in shares of J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares in the last quarter. State Street Corp lifted its stake in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after acquiring an additional 762,746 shares during the last quarter. Thrivent Financial for Lutherans grew its position in J. M. Smucker by 891.3% in the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after acquiring an additional 521,404 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of J. M. Smucker by 4,996.0% during the 3rd quarter. International Assets Investment Management LLC now owns 207,202 shares of the company’s stock worth $25,092,000 after purchasing an additional 203,136 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after purchasing an additional 192,748 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.40% of the stock is owned by company insiders.

J. M. Smucker Price Performance

NYSE:SJM opened at $104.70 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a one year low of $99.81 and a one year high of $133.85. The company has a fifty day moving average price of $109.48 and a 200 day moving average price of $114.71. The stock has a market cap of $11.14 billion, a P/E ratio of 21.19, a PEG ratio of 3.26 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the company earned $2.59 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.13%. J. M. Smucker’s payout ratio is 87.45%.

Analyst Ratings Changes

Several equities analysts have commented on SJM shares. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays reduced their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $126.78.

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.