LSV Asset Management Has $102.35 Million Position in The J. M. Smucker Company (NYSE:SJM)

LSV Asset Management boosted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 3,599.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 929,400 shares of the company's stock after acquiring an additional 904,278 shares during the quarter. LSV Asset Management owned about 0.87% of J. M. Smucker worth $102,346,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its holdings in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new stake in J. M. Smucker in the fourth quarter valued at $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the fourth quarter worth about $33,000. Hantz Financial Services Inc. bought a new stake in J. M. Smucker in the fourth quarter valued at about $39,000. Finally, Sandy Spring Bank lifted its holdings in J. M. Smucker by 1,365.5% during the 4th 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. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SJM. DA Davidson reduced their price objective on 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. Stifel Nicolaus cut their target price 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. Barclays lowered their target price 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. Morgan Stanley started coverage on J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective for the company. 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 research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $125.67.

Remove Ads

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now directly owns 8,794 shares in the company, valued at approximately $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 insiders.

J. M. Smucker Price Performance

SJM traded down $1.57 during trading on Tuesday, reaching $116.33. The stock had a trading volume of 951,160 shares, compared to its average volume of 1,185,577. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The stock has a 50 day moving average of $110.97 and a two-hundred day moving average of $111.85. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate 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%. As a group, equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced 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 3.71%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker's payout ratio is -179.25%.

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.