Trexquant Investment LP bought a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 144,265 shares of the company's stock, valued at approximately $15,886,000. Trexquant Investment LP owned approximately 0.14% of J. M. Smucker as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in J. M. Smucker by 3.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock valued at $35,721,000 after buying an additional 11,339 shares during the last quarter. Nordea Investment Management AB raised its position in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock valued at $150,082,000 after acquiring an additional 192,748 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at $1,273,000. Signal Advisors Wealth LLC boosted its position 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 worth $1,426,000 after purchasing an additional 9,982 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its stake in shares of J. M. Smucker by 6.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company's stock worth $29,875,000 after purchasing an additional 16,963 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.
Insider Activity at J. M. Smucker
In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
J. M. Smucker Stock Performance
Shares of NYSE SJM traded down $0.32 during trading hours on Thursday, reaching $118.13. 1,623,483 shares of the stock were exchanged, compared to its average volume of 1,174,383. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 3.91 and a beta of 0.28. The stock's fifty day simple moving average is $109.47 and its 200 day simple moving average is $112.24. 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 J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42.
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. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.
J. M. Smucker Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.66%. J. M. Smucker's payout ratio is -179.25%.
Wall Street Analyst Weigh In
SJM has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. DA Davidson lowered their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Morgan Stanley assumed coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective on the stock. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, TD Cowen lowered 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 research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $125.67.
Check Out Our Latest Analysis on SJM
J. M. Smucker Company Profile
(
Free Report)
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.
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