Boussard & Gavaudan Investment Management LLP Makes New Investment in The J. M. Smucker Company (NYSE:SJM)

Boussard & Gavaudan Investment Management LLP bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 15,422 shares of the company’s stock, valued at approximately $1,695,000.

Several other hedge funds have also recently added to or reduced their stakes in SJM. Norges Bank acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $112,978,000. AssuredPartners Investment Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter valued at approximately $559,000. UniSuper Management Pty Ltd boosted its stake in shares of J. M. Smucker by 23.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 18,059 shares of the company’s stock valued at $1,989,000 after purchasing an additional 3,408 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new stake in shares of J. M. Smucker during the fourth quarter worth $1,247,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in J. M. Smucker by 6.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 211,731 shares of the company’s stock worth $23,614,000 after acquiring an additional 11,952 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm’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 sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of several recent analyst reports. Morgan Stanley assumed coverage on shares of J. M. Smucker in a research report on Monday. They set an “overweight” rating and a $123.00 price objective for the company. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Barclays lowered 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, Stifel Nicolaus reduced their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $125.67.

J. M. Smucker Stock Performance

NYSE SJM opened at $116.84 on Friday. The stock has a market capitalization of $12.43 billion, a PE ratio of 23.65, a P/E/G ratio of 3.91 and a beta of 0.28. 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 $107.93 and a two-hundred day simple moving average of $112.28. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.15.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.70%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

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.