The J. M. Smucker Company (NYSE:SJM) Position Increased by Signaturefd LLC

Signaturefd LLC increased its stake in The J. M. Smucker Company (NYSE:SJM) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,606 shares of the company’s stock after purchasing an additional 571 shares during the period. Signaturefd LLC’s holdings in J. M. Smucker were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Shell Asset Management Co. increased its position in J. M. Smucker by 4.4% in the 3rd quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock valued at $268,000 after acquiring an additional 93 shares during the period. Gallagher Fiduciary Advisors LLC increased its position in J. M. Smucker by 2.0% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock valued at $595,000 after acquiring an additional 97 shares during the period. Oppenheimer & Co. Inc. increased its position in J. M. Smucker by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,882 shares of the company’s stock valued at $231,000 after acquiring an additional 98 shares during the period. Oliver Lagore Vanvalin Investment Group increased its position in J. M. Smucker by 23.2% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock valued at $65,000 after acquiring an additional 100 shares during the period. Finally, Formidable Asset Management LLC increased its position in J. M. Smucker by 4.8% in the 3rd quarter. Formidable Asset Management LLC now owns 2,279 shares of the company’s stock valued at $280,000 after acquiring an additional 105 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM opened at $118.55 on Thursday. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The stock’s 50-day moving average price is $120.63 and its 200 day moving average price is $120.68.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company posted $2.21 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker’s payout ratio is -481.81%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, February 28th. Citigroup decreased their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. DA Davidson started coverage on J. M. Smucker in a research report on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price for the company. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Finally, Barclays raised their target price on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.47.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.50% 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.