Landscape Capital Management L.L.C. Has $709,000 Stake in The J. M. Smucker Company (NYSE:SJM)

Landscape Capital Management L.L.C. lowered its position in The J. M. Smucker Company (NYSE:SJM) by 53.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,440 shares of the company’s stock after selling 7,315 shares during the period. Landscape Capital Management L.L.C.’s holdings in J. M. Smucker were worth $709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of J. M. Smucker by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after purchasing an additional 11,339 shares during the last quarter. Nordea Investment Management AB boosted its holdings in 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 worth $150,082,000 after purchasing an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter worth $1,273,000. Signal Advisors Wealth LLC raised its holdings in J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after buying an additional 9,982 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in shares of J. M. Smucker by 6.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company’s stock worth $29,875,000 after buying an additional 16,963 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $115.03 on Monday. The firm has a market capitalization of $12.24 billion, a PE ratio of 23.29, a PEG ratio of 3.91 and a beta of 0.35. 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 J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The business’s 50 day moving average is $109.70 and its 200-day moving average is $112.09.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results 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. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio is -179.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley started coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Barclays lowered their target price on shares of 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. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $125.67.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker 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 transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the 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 sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $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. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Company 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.