Natixis Advisors LLC Has $1.19 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Natixis Advisors LLC reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,770 shares of the company’s stock after selling 4,750 shares during the quarter. Natixis Advisors LLC’s holdings in J. M. Smucker were worth $1,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pathstone Holdings LLC boosted its stake in J. M. Smucker by 1.5% during the 3rd quarter. Pathstone Holdings LLC now owns 15,369 shares of the company’s stock valued at $1,861,000 after purchasing an additional 233 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of J. M. Smucker by 32.3% in the third quarter. Advisors Asset Management Inc. now owns 10,302 shares of the company’s stock valued at $1,248,000 after purchasing an additional 2,518 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of J. M. Smucker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock valued at $119,966,000 after buying an additional 13,276 shares during the last quarter. Raymond James Trust N.A. grew its holdings in J. M. Smucker by 6.8% during the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after buying an additional 310 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in J. M. Smucker during the third quarter worth $267,000. 81.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company’s 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 sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of a number of analyst reports. DA Davidson cut their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday, March 20th. Finally, Wells Fargo & Company upped their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.67.

J. M. Smucker Trading Down 0.4 %

NYSE:SJM opened at $111.31 on Wednesday. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.15. 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 firm’s 50 day moving average is $107.37 and its 200 day moving average is $112.23. The stock has a market capitalization of $11.85 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm 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%. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.88%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -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.