Royal London Asset Management Ltd. Has $5.93 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Royal London Asset Management Ltd. reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,873 shares of the company’s stock after selling 506 shares during the quarter. Royal London Asset Management Ltd.’s holdings in J. M. Smucker were worth $5,932,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Capital Advisors Ltd. LLC boosted its stake in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Kentucky Trust Co bought a new position in shares of J. M. Smucker in the fourth quarter valued at about $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker during the 4th quarter worth about $33,000. Hantz Financial Services Inc. bought a new stake in J. M. Smucker during the 4th quarter worth about $39,000. Finally, Trivant Custom Portfolio Group LLC increased its position in J. M. Smucker by 35.7% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock valued at $52,000 after acquiring an additional 125 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SJM. DA Davidson reduced their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Barclays decreased 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 report on Monday, March 3rd. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $126.00.

J. M. Smucker Trading Up 0.4 %

NYSE SJM opened at $109.78 on Monday. 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 12 month low of $98.77 and a 12 month high of $127.15. The company has a market capitalization of $11.68 billion, a PE ratio of 22.22, a P/E/G ratio of 3.91 and a beta of 0.28. The stock has a 50-day simple moving average of $107.00 and a 200 day simple moving average of $112.36.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The stock was 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 in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by company insiders.

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.