Boussard & Gavaudan Investment Management LLP Acquires Shares of 15,422 The J. M. Smucker Company (NYSE:SJM)

Boussard & Gavaudan Investment Management LLP purchased a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,422 shares of the company's stock, valued at approximately $1,695,000.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $112,978,000. AssuredPartners Investment Advisors LLC bought a new position in J. M. Smucker during the 4th quarter valued at $559,000. UniSuper Management Pty Ltd grew its holdings in J. M. Smucker by 23.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 18,059 shares of the company's stock worth $1,989,000 after acquiring an additional 3,408 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new stake in shares of J. M. Smucker in the 4th quarter worth about $1,247,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of J. M. Smucker by 6.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 211,731 shares of the company's stock valued at $23,614,000 after purchasing an additional 11,952 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM traded down $0.20 during midday trading on Tuesday, hitting $118.21. 273,390 shares of the company's stock were exchanged, compared to its average volume of 1,171,965. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.75. The firm has a market cap of $12.58 billion, a P/E ratio of 23.96, a PEG ratio of 3.91 and a beta of 0.28. The stock's 50 day moving average price is $108.54 and its 200-day moving average price is $112.17. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

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J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (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 company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 3.65%. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SJM shares. Barclays lowered their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Morgan Stanley began coverage on J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price target for the company. Stifel Nicolaus reduced their price objective 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. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $125.67.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction dated 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 owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.