10,904 Shares in The J. M. Smucker Company (NYSE:SJM) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,904 shares of the company's stock, valued at approximately $1,201,000.

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

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.40% of the stock is owned by insiders.

Remove Ads

Analyst Ratings Changes

Several analysts have issued reports on SJM shares. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and dropped their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com lowered shares of J. M. Smucker from a "hold" rating to a "sell" rating in a report on Thursday, March 20th. Wells Fargo & Company lifted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Barclays dropped their price target on shares of 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. Finally, DA Davidson reduced their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $125.67.

J. M. Smucker Trading Up 2.1 %

NYSE SJM traded up $2.36 on Thursday, reaching $116.84. The stock had a trading volume of 1,291,447 shares, compared to its average volume of 1,129,170. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a fifty day moving average price of $107.65 and a two-hundred day moving average price of $112.25. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.15. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data 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. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is currently -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.