Natixis Has $1.42 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Natixis lifted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 49.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,278 shares of the company’s stock after purchasing an additional 3,748 shares during the period. Natixis’ holdings in J. M. Smucker were worth $1,420,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in J. M. Smucker in the fourth quarter valued at approximately $157,077,000. Point72 Asset Management L.P. lifted its holdings in J. M. Smucker by 21,858.1% in the fourth quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock valued at $86,027,000 after buying an additional 677,600 shares during the period. Vanguard Group Inc. lifted its holdings in J. M. Smucker by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after buying an additional 518,433 shares during the period. International Assets Investment Management LLC lifted its holdings 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 buying an additional 331,417 shares during the period. Finally, Champlain Investment Partners LLC lifted its holdings in J. M. Smucker by 29.0% in the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock valued at $183,518,000 after buying an additional 327,680 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SJM has been the topic of several analyst reports. Barclays cut their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. TD Cowen cut their target price on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Argus cut their target price on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup increased their target price on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus target price of $132.64.

J. M. Smucker Stock Down 0.7 %

Shares of SJM stock traded down $0.77 during trading hours on Thursday, hitting $116.01. 731,666 shares of the company were exchanged, compared to its average volume of 1,244,747. The business has a 50 day moving average of $112.05 and a two-hundred day moving average of $118.73. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $153.54. The company has a market capitalization of $12.32 billion, a PE ratio of 16.29, a PEG ratio of 2.30 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.64 earnings per share. Analysts anticipate that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be given a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.72%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is 59.55%.

J. M. Smucker 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.