Greenwich Wealth Management LLC Grows Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Greenwich Wealth Management LLC grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,601 shares of the company’s stock after buying an additional 254 shares during the quarter. Greenwich Wealth Management LLC’s holdings in J. M. Smucker were worth $617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its stake 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 valued at $861,145,000 after buying an additional 762,746 shares during the last quarter. FMR LLC grew its stake in shares of J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after buying an additional 192,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of J. M. Smucker by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company’s stock valued at $110,455,000 after buying an additional 12,410 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of J. M. Smucker by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company’s stock valued at $107,677,000 after buying an additional 118,240 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays reduced their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One investment 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 stock currently has a consensus rating of “Hold” and a consensus price target of $126.00.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $111.62 on Friday. The stock’s 50 day simple moving average is $106.53 and its two-hundred day simple moving average is $112.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week 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 for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. As a group, analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.87%. J. M. Smucker’s 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.