Semanteon Capital Management LP Invests $641,000 in The J. M. Smucker Company (NYSE:SJM)

Semanteon Capital Management LP purchased a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,824 shares of the company's stock, valued at approximately $641,000.

Other large investors have also added to or reduced their stakes in the company. Sandy Spring Bank lifted its position in shares of J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock valued at $47,000 after acquiring an additional 396 shares during the period. Generali Asset Management SPA SGR acquired a new position in J. M. Smucker in the fourth quarter valued at about $888,000. Cibc World Markets Corp lifted its position in J. M. Smucker by 15.1% during the fourth quarter. Cibc World Markets Corp now owns 41,775 shares of the company's stock worth $4,600,000 after purchasing an additional 5,482 shares during the period. Creative Financial Designs Inc. ADV grew its stake in J. M. Smucker by 4.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,345 shares of the company's stock worth $1,580,000 after buying an additional 642 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in J. M. Smucker by 12.9% in the 4th quarter. Harbour Investments Inc. now owns 10,032 shares of the company's stock valued at $1,105,000 after buying an additional 1,149 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Trading Down 0.4 %

Shares of NYSE:SJM traded down $0.44 during midday trading on Tuesday, hitting $111.31. 885,158 shares of the stock were exchanged, compared to its average volume of 1,127,767. The business's 50-day moving average price is $107.37 and its 200 day moving average price is $112.23. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.15. 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 stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 3.91 and a beta of 0.28.

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J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share 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 analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.88%. J. M. Smucker's payout ratio is -179.25%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SJM has been the topic of several analyst reports. Barclays reduced their price target on shares of 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. StockNews.com downgraded J. M. Smucker from a "hold" rating to a "sell" rating in a report on Thursday, March 20th. DA Davidson lowered their price target 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. Wells Fargo & Company raised their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus lowered their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $125.67.

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.