Natixis Advisors L.P. Boosts Holdings in The J. M. Smucker Company (NYSE:SJM)

Natixis Advisors L.P. grew its position in shares of The J. M. Smucker Company (NYSE:SJM) by 340.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,518 shares of the company’s stock after purchasing an additional 67,654 shares during the period. Natixis Advisors L.P. owned approximately 0.08% of J. M. Smucker worth $11,060,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SJM. Invesco Ltd. grew its position in J. M. Smucker by 9.3% during the third quarter. Invesco Ltd. now owns 1,777,750 shares of the company’s stock worth $218,503,000 after buying an additional 151,389 shares in the last quarter. Ameriprise Financial Inc. raised 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 purchasing an additional 1,210,837 shares in the last quarter. Northern Trust Corp lifted its position in J. M. Smucker by 2.1% during the third quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock valued at $179,170,000 after purchasing an additional 29,728 shares during the last quarter. Nordea Investment Management AB grew its stake in J. M. Smucker by 363.8% in the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after buying an additional 999,315 shares in the last quarter. Finally, Tandem Investment Advisors Inc. grew its stake in J. M. Smucker by 6.5% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 659,904 shares of the company’s stock worth $81,109,000 after buying an additional 40,308 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of a number of research analyst reports. Stifel Nicolaus raised 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. Barclays raised their price objective on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. DA Davidson began coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price for the company. TD Cowen decreased their price target 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. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $137.47.

J. M. Smucker Price Performance

SJM stock opened at $112.94 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of -128.34, a PEG ratio of 1.69 and a beta of 0.23. The firm has a 50 day moving average price of $118.51 and a 200-day moving average price of $120.71. The J. M. Smucker Company has a 52-week low of $107.33 and a 52-week high of $159.45.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given 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 -481.81%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value 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 legal filing with the SEC, which is available at this link. 3.50% 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.