The J. M. Smucker Company (NYSE:SJM) Shares Sold by Xponance Inc.

Xponance Inc. reduced its position in The J. M. Smucker Company (NYSE:SJM) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,471 shares of the company’s stock after selling 382 shares during the quarter. Xponance Inc.’s holdings in J. M. Smucker were worth $1,702,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in J. M. Smucker in the 3rd quarter valued at $464,000. Citigroup Inc. raised its stake in J. M. Smucker by 15.1% in the 3rd quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock valued at $34,103,000 after purchasing an additional 36,296 shares during the last quarter. Vest Financial LLC raised its stake in J. M. Smucker by 58.3% in the 4th quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock valued at $30,085,000 after purchasing an additional 87,682 shares during the last quarter. Comerica Bank acquired a new position in J. M. Smucker in the 3rd quarter valued at $5,522,000. Finally, Northern Trust Corp raised its stake in J. M. Smucker by 2.1% in the 3rd quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock valued at $179,170,000 after purchasing an additional 29,728 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

NYSE SJM opened at $117.72 on Wednesday. The stock has a market cap of $12.50 billion, a PE ratio of -133.77, a P/E/G ratio of 1.87 and a beta of 0.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a twelve month low of $107.33 and a twelve month high of $159.92. The stock has a fifty day simple moving average of $120.63 and a 200-day simple moving average of $120.68.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business posted $2.21 EPS. J. M. Smucker’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts anticipate that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors 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 3.60%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is -481.81%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays upped 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. JPMorgan Chase & Co. upped their target price on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. DA Davidson assumed coverage on J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price for the company. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Wednesday, February 28th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $137.47.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is currently owned by company insiders.

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.