Greenleaf Trust Acquires 1,897 Shares of The J. M. Smucker Company (NYSE:SJM)

Greenleaf Trust grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,960 shares of the company’s stock after acquiring an additional 1,897 shares during the period. Greenleaf Trust’s holdings in J. M. Smucker were worth $877,000 as of its most recent SEC filing.

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

J. M. Smucker Stock Down 0.9 %

NYSE SJM opened at $105.95 on Tuesday. The stock has a 50 day moving average price of $109.79 and a 200-day moving average price of $114.80. 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 debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The company has a market capitalization of $11.27 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.26 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $2.59 EPS. As a group, equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SJM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target 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 downgraded shares of 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 report on Wednesday, January 8th. Barclays lowered their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $126.78.

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.