XTX Topco Ltd Makes New $306,000 Investment in The J. M. Smucker Company (NYSE:SJM)

XTX Topco Ltd purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,780 shares of the company's stock, valued at approximately $306,000.

Other hedge funds also recently modified their holdings of the company. Capital Advisors Ltd. LLC increased its position in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares during the period. Kentucky Trust Co acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $28,000. Kieckhefer Group LLC bought a new position in J. M. Smucker during the fourth quarter worth $33,000. Hantz Financial Services Inc. bought a new position in J. M. Smucker during the fourth quarter worth $39,000. Finally, Sandy Spring Bank lifted its holdings in J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock valued at $47,000 after buying an additional 396 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity

In related news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker 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 sale, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SJM. UBS Group assumed coverage on J. M. Smucker in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 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 note on Monday, March 3rd. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Morgan Stanley assumed coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus price target of $126.50.

J. M. Smucker Stock Down 1.0 %

Shares of NYSE SJM traded down $1.20 during mid-day trading on Monday, reaching $114.03. 920,741 shares of the company's stock traded hands, compared to its average volume of 1,173,392. 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 business has a 50-day simple moving average of $113.35 and a 200 day simple moving average of $111.73. The stock has a market cap of $12.13 billion, a P/E ratio of 23.08, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42.

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

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.79%. J. M. Smucker's payout ratio is -179.25%.

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.