The J. M. Smucker Company (NYSE:SJM) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP decreased its stake in The J. M. Smucker Company (NYSE:SJM) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,182 shares of the company’s stock after selling 259 shares during the quarter. Dark Forest Capital Management LP’s holdings in J. M. Smucker were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SJM. Wilmington Savings Fund Society FSB acquired a new stake in shares of J. M. Smucker during the third quarter valued at about $682,000. Tidal Investments LLC increased its position in shares of J. M. Smucker by 1.3% in the 3rd quarter. Tidal Investments LLC now owns 15,038 shares of the company’s stock valued at $1,821,000 after purchasing an additional 190 shares during the last quarter. Principal Financial Group Inc. raised its stake in J. M. Smucker by 4.5% in the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company’s stock valued at $16,405,000 after buying an additional 5,790 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in J. M. Smucker by 4.7% during the third 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 last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of J. M. Smucker by 106.3% in the 4th quarter. Versant Capital Management Inc now owns 526 shares of the company’s stock valued at $58,000 after buying an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.5 %

Shares of J. M. Smucker stock opened at $115.16 on Monday. 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 company has a market cap of $12.25 billion, a P/E ratio of 23.31, a P/E/G ratio of 3.91 and a beta of 0.35. The stock has a 50-day moving average price of $113.35 and a 200 day moving average price of $111.73. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. As a group, analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a $1.08 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.75%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Analyst Upgrades and Downgrades

SJM has been the topic of several recent research reports. Barclays dropped their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus cut 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 report on Friday, January 24th. Finally, Morgan Stanley initiated coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $126.50.

Insider Buying and Selling

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

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.