Quantbot Technologies LP Purchases New Position in The J. M. Smucker Company (NYSE:SJM)

Quantbot Technologies LP bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,450 shares of the company's stock, valued at approximately $1,261,000.

Several other institutional investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in J. M. Smucker by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock worth $35,721,000 after acquiring an additional 11,339 shares during the period. Raymond James Trust N.A. raised its position in shares of J. M. Smucker by 6.8% in the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company's stock worth $587,000 after buying an additional 310 shares in the last quarter. Nordea Investment Management AB boosted its stake in J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock valued at $150,082,000 after buying an additional 192,748 shares during the period. Miracle Mile Advisors LLC bought a new position in J. M. Smucker in the 4th quarter worth about $1,273,000. Finally, Signal Advisors Wealth LLC raised its holdings in shares of J. M. Smucker by 336.3% in the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock valued at $1,426,000 after acquiring an additional 9,982 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

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 stock was sold at an average price of $113.36, for a total transaction 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 $1,503,493.68. This trade represents a 27.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.40% of the company's stock.

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J. M. Smucker Trading Down 0.5 %

SJM stock traded down $0.60 on Friday, reaching $116.13. The company's stock had a trading volume of 1,223,939 shares, compared to its average volume of 1,173,057. 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 business has a fifty day simple moving average of $108.21 and a two-hundred day simple moving average of $112.20. The firm has a market cap of $12.36 billion, a PE ratio of 23.51, a PEG 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 $125.75.

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, beating the consensus estimate of $2.37 by $0.24. The company 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, research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SJM. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday. Barclays dropped their price objective on shares of 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 initiated coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price target on the stock. DA Davidson cut their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and reduced their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $125.67.

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.