Y Intercept Hong Kong Ltd Buys New Shares in The J. M. Smucker Company (NYSE:SJM)

Y Intercept Hong Kong Ltd acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,938 shares of the company's stock, valued at approximately $654,000.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after purchasing an additional 762,746 shares during the last quarter. FMR LLC raised its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock worth $406,169,000 after purchasing an additional 958,142 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of J. M. Smucker by 16.5% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of J. M. Smucker by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company's stock valued at $119,966,000 after buying an additional 13,276 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of J. M. Smucker by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock worth $85,251,000 after purchasing an additional 31,745 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

SJM has been the topic of a number of research analyst reports. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com downgraded J. M. Smucker from a "hold" rating to a "sell" rating in a research note on Monday. Barclays decreased their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday. Stifel Nicolaus cut their price target 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. Finally, Wells Fargo & Company upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus price target of $126.13.

J. M. Smucker Price Performance

NYSE SJM traded down $1.13 during trading hours on Tuesday, reaching $110.96. 912,615 shares of the company's stock were exchanged, compared to its average volume of 1,197,039. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market cap of $11.81 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27. The firm has a fifty day moving average of $106.21 and a 200-day moving average of $113.06. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS 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 firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. On average, equities research 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 business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.89%. J. M. Smucker's payout ratio is currently -179.25%.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company's stock, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.40% of the company's stock.

About J. M. Smucker

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.