The J. M. Smucker Company (NYSE:SJM) Stock Holdings Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 556,207 shares of the company’s stock after selling 23,696 shares during the period. Thrivent Financial for Lutherans owned 0.52% of J. M. Smucker worth $61,249,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. State Street Corp grew its position in shares of J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after acquiring an additional 762,746 shares during the last quarter. FMR LLC lifted its holdings in J. M. Smucker by 40.0% in the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after purchasing an additional 958,142 shares during the period. Nordea Investment Management AB lifted its holdings in J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in J. M. Smucker by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company’s stock worth $110,455,000 after purchasing an additional 12,410 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in J. M. Smucker by 13.8% in the fourth quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company’s stock worth $107,677,000 after purchasing an additional 118,240 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SJM. DA Davidson reduced their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays cut their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Stifel Nicolaus cut their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.00.

Insider Activity

In other news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Price Performance

NYSE SJM opened at $110.15 on Thursday. The stock’s 50-day moving average price is $106.74 and its two-hundred day moving average price is $112.52. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market cap of $11.72 billion, a PE ratio of 22.30, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.92%. J. M. Smucker’s dividend payout ratio is -179.25%.

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.