The J. M. Smucker Company (NYSE:SJM) Stock Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 65.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,929 shares of the company’s stock after selling 7,536 shares during the quarter. Nisa Investment Advisors LLC’s holdings in J. M. Smucker were worth $465,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SJM. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $27,000. Minot DeBlois Advisors LLC purchased a new stake in J. M. Smucker during the fourth quarter valued at about $28,000. Measured Risk Portfolios Inc. purchased a new stake in J. M. Smucker during the fourth quarter valued at about $29,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker in the 1st quarter valued at about $33,000. Finally, Menard Financial Group LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $46,000. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Tarang Amin bought 1,050 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director directly owned 3,825 shares in the company, valued at $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $107.54 on Thursday. The business has a 50 day moving average of $105.55 and a 200-day moving average of $108.55. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The company has a market capitalization of $11.45 billion, a P/E ratio of -9.30, a P/E/G ratio of 7.86 and a beta of 0.31.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the firm earned $2.66 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $1.10 dividend. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.09%. J. M. Smucker’s dividend payout ratio (DPR) is -37.37%.

Analyst Ratings Changes

Several research firms recently commented on SJM. Morgan Stanley restated an “overweight” rating and set a $124.00 price target (up from $123.00) on shares of J. M. Smucker in a report on Friday, June 6th. Citigroup lowered their target price on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, June 11th. Stifel Nicolaus cut their price target on J. M. Smucker from $120.00 to $106.00 and set a “hold” rating for the company in a report on Wednesday, June 11th. BNP Paribas Exane raised J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.33.

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.