Oxford Asset Management LLP Buys New Shares in The J. M. Smucker Company (NYSE:SJM)

Oxford Asset Management LLP purchased a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,253 shares of the company's stock, valued at approximately $248,000.

Other large investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its holdings in shares of J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of J. M. Smucker in the 4th quarter worth approximately $28,000. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker in the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. acquired a new position in shares of J. M. Smucker in the 4th quarter worth approximately $39,000. Finally, Sandy Spring Bank boosted its holdings in shares of J. M. Smucker by 1,365.5% in the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after acquiring an additional 396 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

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 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 transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on 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 directly owns 8,794 shares in the company, valued at approximately $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. Corporate insiders own 3.40% of the company's stock.

J. M. Smucker Stock Performance

SJM traded down $2.44 during trading hours on Thursday, reaching $113.83. The company's stock had a trading volume of 819,163 shares, compared to its average volume of 1,167,867. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market cap of $12.11 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The company's 50-day moving average is $113.85 and its 200-day moving average is $111.76. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping 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 return on equity of 14.35% and a net margin of 5.96%. On average, equities analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced 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 of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.80%. J. M. Smucker's dividend payout ratio is presently -179.25%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley began coverage on J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price on the stock. Barclays reduced their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Stifel Nicolaus cut their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $126.50.

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.