Edgestream Partners L.P. Has $4.11 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Edgestream Partners L.P. increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 201.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,292 shares of the company’s stock after acquiring an additional 24,911 shares during the quarter. Edgestream Partners L.P.’s holdings in J. M. Smucker were worth $4,107,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in J. M. Smucker by 12.0% in 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 period. FMR LLC boosted its position in 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 purchasing an additional 958,142 shares during the last quarter. Nordea Investment Management AB boosted its position in 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 purchasing an additional 192,748 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 12,410 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 valued at $107,677,000 after buying an additional 118,240 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 5.2 %

Shares of SJM stock opened at $117.29 on Friday. The firm has a market capitalization of $12.48 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.59. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock’s fifty day simple moving average is $106.14 and its 200 day simple moving average is $112.96.

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

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 annualized dividend and a yield of 3.68%. J. M. Smucker’s payout ratio is currently -179.25%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SJM shares. Wells Fargo & Company raised their price objective 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. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Barclays lowered 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $126.13.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker 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.