Bayesian Capital Management LP Buys New Holdings in The J. M. Smucker Company (NYSE:SJM)

Bayesian Capital Management LP purchased a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,900 shares of the company's stock, valued at approximately $1,200,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in J. M. Smucker by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after purchasing an additional 130,533 shares in the last quarter. FMR LLC grew its holdings in shares of J. M. Smucker by 11.3% during the fourth quarter. FMR LLC now owns 3,734,305 shares of the company's stock worth $411,222,000 after purchasing an additional 380,309 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of J. M. Smucker by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock valued at $286,664,000 after buying an additional 58,231 shares during the period. Invesco Ltd. raised its holdings in J. M. Smucker by 21.0% in the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock valued at $265,942,000 after buying an additional 418,878 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in J. M. Smucker by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock worth $221,232,000 after buying an additional 33,758 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of recent analyst reports. 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. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Stifel Nicolaus lowered 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. UBS Group initiated coverage on shares of J. M. Smucker in a research report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price target on the stock. Finally, DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $126.50.

J. M. Smucker Stock Down 0.5 %

Shares of NYSE SJM traded down $0.54 during trading on Friday, hitting $111.48. The stock had a trading volume of 1,086,012 shares, compared to its average volume of 1,171,966. 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 firm has a fifty day moving average of $114.20 and a two-hundred day moving average of $111.38. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42. The company has a market capitalization of $11.86 billion, a PE ratio of 22.57, a PEG ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted 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 company 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%. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.88%. J. M. Smucker's dividend payout ratio is currently -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the sale, the chief financial officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction dated Friday, March 28th. The stock was 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 $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.