AXQ Capital LP Acquires New Shares in The J. M. Smucker Company (NYSE:SJM)

AXQ Capital LP purchased a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,884 shares of the company's stock, valued at approximately $1,088,000.

Several other hedge funds have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its holdings in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $28,000. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker during the 4th quarter valued at $33,000. Hantz Financial Services Inc. bought a new stake in J. M. Smucker in the fourth quarter valued at $39,000. Finally, Sandy Spring Bank boosted its position in shares of J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after purchasing an additional 396 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Trading Down 0.0 %

Shares of NYSE SJM traded down $0.05 during mid-day trading on Tuesday, hitting $111.71. The stock had a trading volume of 232,247 shares, compared to its average volume of 1,257,968. The firm has a market cap of $11.89 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The business has a 50 day moving average price of $107.19 and a two-hundred day moving average price of $112.29. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.14.

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J. M. Smucker (NYSE:SJM - Get Free Report) last posted its 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. The company had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed 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 was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.87%. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. StockNews.com downgraded J. M. Smucker from a "hold" rating to a "sell" rating in a research note on Thursday, March 20th. 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 research note on Monday, March 3rd. Morgan Stanley started coverage on J. M. Smucker in a report on Monday. They set an "overweight" rating and a $123.00 price target for the company. Finally, DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $125.67.

Insider Transactions at J. M. Smucker

In other J. M. Smucker 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 value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.40% of the company's stock.

About J. M. Smucker

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.