11,323 Shares in The J. M. Smucker Company (NYSE:SJM) Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,323 shares of the company's stock, valued at approximately $1,247,000.

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

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company'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 sale, the chief financial officer now owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the firm'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 transaction, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

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Analyst Ratings Changes

SJM has been the topic of a number of recent research reports. Barclays dropped 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 report on Monday, March 3rd. Morgan Stanley began coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price target on the stock. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $125.67.

J. M. Smucker Price Performance

SJM stock traded up $0.67 during mid-day trading on Thursday, reaching $119.12. 591,565 shares of the company's stock were exchanged, compared to its average volume of 1,173,380. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.42. The stock's 50 day moving average is $109.16 and its 200 day moving average is $112.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

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, beating analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, research analysts expect 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. Investors of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.63%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is -179.25%.

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.