Dynamic Technology Lab Private Ltd Makes New $1.57 Million Investment in The J. M. Smucker Company (NYSE:SJM)

Dynamic Technology Lab Private Ltd purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,221 shares of the company's stock, valued at approximately $1,566,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SJM shares. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Morgan Stanley initiated coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective for the company. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and cut their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Finally, DA Davidson reduced 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 research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $125.67.

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Insider Activity

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction on Friday, March 28th. The shares were 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 approximately $1,022,390.44. The trade was a 36.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

J. M. Smucker Trading Down 1.3 %

Shares of SJM stock traded down $1.54 during mid-day trading on Thursday, hitting $113.54. The company's stock had a trading volume of 589,750 shares, compared to its average volume of 1,183,401. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42. 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 company's fifty day simple moving average is $110.30 and its 200-day simple moving average is $111.96. The company has a market cap of $12.08 billion, a PE ratio of 23.02, a P/E/G ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly 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%. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.80%. J. M. Smucker's dividend payout ratio 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.