Stifel Financial Corp Has $15.51 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Stifel Financial Corp lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,693 shares of the company’s stock after selling 6,385 shares during the quarter. Stifel Financial Corp owned 0.12% of J. M. Smucker worth $15,508,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. raised its stake in J. M. Smucker by 9.3% during the 3rd 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 during the period. Dimensional Fund Advisors LP raised its stake in shares of J. M. Smucker by 13.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock valued at $213,441,000 after purchasing an additional 202,092 shares during the period. Ameriprise Financial Inc. raised its stake in shares of J. M. Smucker by 487.5% in the 3rd 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 during the period. Northern Trust Corp raised its stake in shares of 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 purchasing an additional 29,728 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of 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 valued at $160,258,000 after purchasing an additional 999,315 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of several recent research reports. DA Davidson initiated coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target on the stock. Barclays lifted 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. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. TD Cowen lowered their target price on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Finally, 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 report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $136.07.

Check Out Our Latest Research Report on J. M. Smucker

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $111.33 on Tuesday. The J. M. Smucker Company has a 52 week low of $106.32 and a 52 week high of $156.03. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The stock has a 50-day simple moving average of $114.78 and a 200 day simple moving average of $120.77.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Thursday, May 16th. J. M. Smucker’s dividend payout ratio is presently -481.81%.

J. M. Smucker Profile

(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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