Impax Asset Management Group plc bought a new stake in J M Smucker Co (NYSE:SJM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,743 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sawyer & Company Inc boosted its position in J M Smucker by 1.8% in the fourth quarter. Sawyer & Company Inc now owns 5,523 shares of the company’s stock valued at $516,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems raised its stake in shares of J M Smucker by 0.5% during the fourth quarter. Utah Retirement Systems now owns 20,515 shares of the company’s stock worth $1,918,000 after buying an additional 100 shares during the last quarter. Morningstar Investment Services LLC raised its stake in shares of J M Smucker by 2.7% during the fourth quarter. Morningstar Investment Services LLC now owns 4,055 shares of the company’s stock worth $379,000 after buying an additional 105 shares during the last quarter. Roberts Glore & Co. Inc. IL raised its stake in shares of J M Smucker by 3.8% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 2,978 shares of the company’s stock worth $278,000 after buying an additional 110 shares during the last quarter. Finally, Lenox Wealth Management Inc. raised its stake in shares of J M Smucker by 1.4% during the fourth quarter. Lenox Wealth Management Inc. now owns 8,137 shares of the company’s stock worth $761,000 after buying an additional 116 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider David J. Lemmon sold 1,017 shares of the stock in a transaction on Monday, December 31st. The shares were sold at an average price of $92.99, for a total transaction of $94,570.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathryn W. Dindo bought 500 shares of J M Smucker stock in a transaction that occurred on Thursday, December 27th. The shares were acquired at an average price of $92.20 per share, with a total value of $46,100.00. The disclosure for this purchase can be found here. Insiders have sold 3,966 shares of company stock valued at $387,867 in the last three months. 3.92% of the stock is owned by insiders.

SJM has been the subject of several recent analyst reports. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Citigroup upped their target price on shares of J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Morgan Stanley upped their target price on shares of J M Smucker from $98.00 to $104.00 and gave the company an “underweight” rating in a research note on Wednesday, February 27th. Finally, Credit Suisse Group upped their target price on shares of J M Smucker from $94.00 to $96.00 and gave the company an “underperform” rating in a research note on Wednesday, February 27th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. J M Smucker presently has an average rating of “Hold” and an average target price of $112.73.

Shares of SJM stock opened at $107.07 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. J M Smucker Co has a 12-month low of $91.32 and a 12-month high of $126.86. The firm has a market cap of $12.18 billion, a PE ratio of 13.45, a P/E/G ratio of 2.25 and a beta of 0.55.

J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.24. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $2.50 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that J M Smucker Co will post 8.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, February 14th. J M Smucker’s dividend payout ratio is 42.71%.

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About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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