Quantbot Technologies LP Buys Shares of 11,450 The J. M. Smucker Company (NYSE:SJM)

Quantbot Technologies LP purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,450 shares of the company’s stock, valued at approximately $1,261,000.

Several other institutional investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of 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 purchasing an additional 11,339 shares during the period. Raymond James Trust N.A. grew its holdings in shares of J. M. Smucker by 6.8% during the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after buying an additional 310 shares in the last quarter. Nordea Investment Management AB lifted its stake in J. M. Smucker by 16.5% in 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 in the last quarter. Miracle Mile Advisors LLC acquired a new position in J. M. Smucker during the 4th quarter worth approximately $1,273,000. Finally, Signal Advisors Wealth LLC grew its stake in shares of J. M. Smucker by 336.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after acquiring an additional 9,982 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

NYSE:SJM opened at $111.31 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.15. The stock’s 50 day moving average price is $107.37 and its two-hundred day moving average price is $112.23. The firm 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.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating 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 business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SJM. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Barclays reduced 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 report on Monday, March 3rd. Finally, Morgan Stanley assumed coverage on J. M. Smucker in a research report on Monday. They set an “overweight” rating and a $123.00 price target on the stock. 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 company. According to MarketBeat.com, the stock 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.