ExodusPoint Capital Management LP Increases Holdings in The J. M. Smucker Company (NYSE:SJM)

ExodusPoint Capital Management LP boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 359,822 shares of the company's stock after acquiring an additional 17,302 shares during the quarter. ExodusPoint Capital Management LP owned 0.34% of J. M. Smucker worth $39,624,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Cinctive Capital Management LP purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $2,121,000. Columbia Asset Management acquired a new stake in shares of J. M. Smucker in the fourth quarter worth approximately $227,000. Trexquant Investment LP purchased a new stake in shares of J. M. Smucker during the fourth quarter worth $15,886,000. Geode Capital Management LLC grew its stake in J. M. Smucker by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock valued at $286,664,000 after acquiring an additional 58,231 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in J. M. Smucker by 9.9% in the 4th quarter. National Bank of Canada FI now owns 50,068 shares of the company's stock valued at $5,514,000 after acquiring an additional 4,518 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Trading Up 0.5 %

Shares of NYSE:SJM traded up $0.53 during mid-day trading on Tuesday, reaching $113.56. 541,152 shares of the company were exchanged, compared to its average volume of 1,177,684. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42. The firm's 50-day simple moving average is $109.82 and its 200 day simple moving average is $112.04.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data 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. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equities research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker's payout ratio is -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 dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction that occurred on 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 owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SJM shares. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays cut 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 research report on Monday, March 3rd. Finally, Morgan Stanley assumed coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and an average price target 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.