California State Teachers Retirement System Purchases 8,960 Shares of The J. M. Smucker Company (NYSE:SJM)

California State Teachers Retirement System boosted its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 170,552 shares of the company’s stock after buying an additional 8,960 shares during the quarter. California State Teachers Retirement System’s holdings in J. M. Smucker were worth $21,554,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SJM. Norges Bank bought a new stake in J. M. Smucker in the 4th quarter worth about $157,077,000. Ameriprise Financial Inc. boosted its stake in J. M. Smucker by 487.5% in the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after acquiring an additional 1,210,837 shares during the last quarter. Nordea Investment Management AB boosted its stake in J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after acquiring an additional 999,315 shares during the last quarter. International Assets Investment Management LLC boosted its stake in J. M. Smucker by 12,722.3% in the fourth quarter. International Assets Investment Management LLC now owns 334,022 shares of the company’s stock valued at $42,214,000 after acquiring an additional 331,417 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in J. M. Smucker by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock valued at $213,441,000 after acquiring an additional 202,092 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup dropped their target price on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. TD Cowen dropped their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Barclays boosted their target price 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 upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, February 28th. Finally, DA Davidson started coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They set a “neutral” rating and a $132.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.07.

Check Out Our Latest Analysis on J. M. Smucker

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $115.37 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 1-year low of $106.32 and a 1-year high of $154.34. The firm’s 50 day simple moving average is $114.03 and its two-hundred day simple moving average is $120.66.

J. M. Smucker (NYSE:SJMGet Free Report) last released its earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.33 by $0.33. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm earned $2.64 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts anticipate that The J. M. Smucker Company will post 9.59 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is -481.81%.

About J. M. Smucker

(Free Report)

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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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