Harbour Investments Inc. Has $1.11 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Harbour Investments Inc. increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,032 shares of the company’s stock after purchasing an additional 1,149 shares during the period. Harbour Investments Inc.’s holdings in J. M. Smucker were worth $1,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock valued at $35,721,000 after purchasing an additional 11,339 shares during the period. Raymond James Trust N.A. grew its position in J. M. Smucker by 6.8% in the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after acquiring an additional 310 shares during the period. Nordea Investment Management AB increased its stake in shares of 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 valued at $150,082,000 after buying an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at $1,273,000. Finally, Signal Advisors Wealth LLC increased its stake in shares of J. M. Smucker by 336.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after buying an additional 9,982 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SJM has been the topic of a number of recent analyst reports. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Barclays cut their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, DA Davidson dropped their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $126.00.

J. M. Smucker Stock Down 1.0 %

Shares of J. M. Smucker stock opened at $110.78 on Wednesday. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock’s 50-day moving average is $106.65 and its 200 day moving average is $112.53. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio is -179.25%.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker 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 approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by corporate insiders.

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.