Landscape Capital Management L.L.C. Sells 7,315 Shares of The J. M. Smucker Company (NYSE:SJM)

Landscape Capital Management L.L.C. cut its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 53.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,440 shares of the company's stock after selling 7,315 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in J. M. Smucker were worth $709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SJM. Salem Investment Counselors Inc. boosted its stake in shares of J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company's stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont raised its position in J. M. Smucker by 4.1% during the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company's stock worth $301,000 after purchasing an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock worth $203,000 after buying an additional 115 shares during the period. Mendel Money Management lifted its stake in shares of J. M. Smucker by 3.1% in the fourth quarter. Mendel Money Management now owns 3,933 shares of the company's stock worth $433,000 after acquiring an additional 117 shares during the period. Finally, Code Waechter LLC boosted its stake in shares of J. M. Smucker by 2.5% in the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company's stock valued at $553,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

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J. M. Smucker Stock Performance

Shares of NYSE SJM traded up $1.54 during mid-day trading on Friday, hitting $115.91. The company had a trading volume of 1,126,158 shares, compared to its average volume of 1,185,941. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 23.46, a P/E/G 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 stock's 50-day moving average price is $110.69 and its 200-day moving average price is $111.92.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is -179.25%.

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 sale, the chief financial officer now directly owns 13,263 shares of the company's stock, 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 document filed with the SEC, which is available at 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 value of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

SJM has been the topic of several research analyst reports. TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and cut their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Morgan Stanley began coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price target for the company. Barclays decreased their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. DA Davidson dropped their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.67.

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.