Nisa Investment Advisors LLC Has $743,000 Stock Position in The J. M. Smucker Company (NYSE:SJM)

Nisa Investment Advisors LLC lowered its holdings in The J. M. Smucker Company (NYSE:SJM) by 23.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,882 shares of the company’s stock after selling 1,792 shares during the period. Nisa Investment Advisors LLC’s holdings in J. M. Smucker were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth approximately $464,000. Citigroup Inc. boosted its stake in J. M. Smucker by 15.1% in the 3rd quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock valued at $34,103,000 after buying an additional 36,296 shares in the last quarter. Vest Financial LLC boosted its stake in J. M. Smucker by 58.3% in the 4th quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock valued at $30,085,000 after buying an additional 87,682 shares in the last quarter. Comerica Bank acquired a new stake in J. M. Smucker in the 3rd quarter valued at $5,522,000. Finally, Northern Trust Corp boosted its stake in J. M. Smucker by 2.1% in the 3rd quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock valued at $179,170,000 after buying an additional 29,728 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SJM. Barclays boosted their price target on 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. Citigroup decreased their price target on 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. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen cut their price objective on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Finally, DA Davidson initiated coverage on J. M. Smucker in a research report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price objective for the company. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and an average price target of $137.47.

J. M. Smucker Trading Down 0.2 %

SJM stock opened at $109.99 on Wednesday. The company has a market cap of $11.68 billion, a P/E ratio of -124.99, a PEG ratio of 1.75 and a beta of 0.21. The J. M. Smucker Company has a twelve month low of $107.33 and a twelve month high of $159.92. 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 business has a fifty day moving average of $122.18 and a 200-day moving average of $120.84.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 earnings per share. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.85%. J. M. Smucker’s payout ratio is currently -481.81%.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by corporate insiders.

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.