Cinctive Capital Management LP Invests $2.12 Million in The J. M. Smucker Company (NYSE:SJM)

Cinctive Capital Management LP acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,262 shares of the company's stock, valued at approximately $2,121,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. Capital Advisors Ltd. LLC lifted its holdings in 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 buying an additional 151 shares during the period. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker during the 4th quarter worth $28,000. Kieckhefer Group LLC bought a new stake in J. M. Smucker during the fourth quarter valued at about $33,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker in the fourth quarter valued at about $39,000. Finally, Sandy Spring Bank raised its holdings in J. M. Smucker by 1,365.5% in the fourth 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 currently owned by institutional investors.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction on Thursday, March 13th. The stock was 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 represents a 27.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

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J. M. Smucker Price Performance

J. M. Smucker stock traded down $3.29 during trading on Friday, reaching $115.03. The company had a trading volume of 1,550,735 shares, compared to its average volume of 1,176,832. 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 firm has a market capitalization of $12.24 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The firm's 50-day simple moving average is $109.70 and its 200 day simple moving average is $112.14.

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 for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is -179.25%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. DA Davidson reduced their price target 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. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus cut their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $125.67.

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.