Riverwater Partners LLC Decreases Stock Position in The J. M. Smucker Company (NYSE:SJM)

Riverwater Partners LLC reduced its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,530 shares of the company's stock after selling 2,939 shares during the period. Riverwater Partners LLC's holdings in J. M. Smucker were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Atlas Capital Advisors Inc. lifted its position in shares of J. M. Smucker by 2,516.2% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,779 shares of the company's stock worth $196,000 after buying an additional 1,711 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in J. M. Smucker by 5.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 359,822 shares of the company's stock valued at $39,624,000 after purchasing an additional 17,302 shares during the period. Cinctive Capital Management LP purchased a new stake in shares of J. M. Smucker during the 4th quarter valued at $2,121,000. Columbia Asset Management bought a new stake in shares of J. M. Smucker during the 4th quarter worth $227,000. Finally, Trexquant Investment LP purchased a new position in shares of J. M. Smucker in the 4th quarter worth about $15,886,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SJM. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Morgan Stanley began coverage on J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective for the company. Barclays dropped their price target 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. DA Davidson decreased 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 downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price objective 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 given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of "Hold" and an average target price of $125.67.

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J. M. Smucker Price Performance

J. M. Smucker stock traded down $2.29 during mid-day trading on Thursday, hitting $112.79. 542,044 shares of the company traded hands, compared to its average volume of 1,183,279. The stock has a fifty day moving average price of $110.30 and a 200-day moving average price of $111.96. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

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

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction 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 approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

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.