The J. M. Smucker Company (NYSE:SJM) Stock Holdings Lifted by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,390 shares of the company’s stock after buying an additional 302 shares during the period. Retirement Systems of Alabama’s holdings in J. M. Smucker were worth $2,956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC grew its holdings in shares of J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Valley National Advisers Inc. lifted its stake in J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after buying an additional 272 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of J. M. Smucker by 77.1% during the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after acquiring an additional 178 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of J. M. Smucker during the fourth quarter worth about $59,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of J. M. Smucker by 23.2% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the transaction, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price objective on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Citigroup decreased their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Barclays lifted their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Wednesday, February 28th. Finally, DA Davidson initiated coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $137.47.

J. M. Smucker Trading Up 0.2 %

NYSE:SJM opened at $112.94 on Wednesday. The stock has a fifty day simple moving average of $118.51 and a 200 day simple moving average of $120.71. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.45. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 EPS 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 company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the company posted $2.21 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is currently -481.81%.

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.