Baird Financial Group Inc. Has $3.30 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Baird Financial Group Inc. decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,949 shares of the company’s stock after selling 1,527 shares during the period. Baird Financial Group Inc.’s holdings in J. M. Smucker were worth $3,298,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of J. M. Smucker by 4.5% in the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company’s stock worth $16,405,000 after buying an additional 5,790 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in J. M. Smucker by 2.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,959 shares of the company’s stock worth $2,538,000 after purchasing an additional 538 shares during the last quarter. ST Germain D J Co. Inc. boosted its position in J. M. Smucker by 55.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 697 shares of the company’s stock worth $77,000 after purchasing an additional 250 shares during the period. Czech National Bank grew its holdings in J. M. Smucker by 6.4% during the fourth quarter. Czech National Bank now owns 23,071 shares of the company’s stock valued at $2,541,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Clark & Stuart Inc bought a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $7,667,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.5 %

Shares of J. M. Smucker stock opened at $111.48 on Friday. The company’s fifty day moving average price is $114.20 and its two-hundred day moving average price is $111.38. The firm has a market capitalization of $11.86 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM) last posted its quarterly 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 firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker’s dividend payout ratio is -179.25%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated 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 directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. DA Davidson dropped their price objective on 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. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. UBS Group began coverage on J. M. Smucker in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $134.00 price target on the stock. Finally, Morgan Stanley initiated coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective for the company. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus 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.