The J. M. Smucker Company (NYSE:SJM) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC lessened its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 40.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,333 shares of the company's stock after selling 59,029 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.08% of J. M. Smucker worth $9,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Oxford Asset Management LLP acquired a new position in J. M. Smucker in the 4th quarter worth $248,000. Coldstream Capital Management Inc. raised its holdings in shares of J. M. Smucker by 0.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 19,652 shares of the company's stock valued at $2,164,000 after purchasing an additional 149 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of J. M. Smucker in the fourth quarter worth $404,000. MGO One Seven LLC boosted its holdings in J. M. Smucker by 6.3% during the fourth quarter. MGO One Seven LLC now owns 5,186 shares of the company's stock worth $571,000 after purchasing an additional 306 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in J. M. Smucker by 1.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 151,950 shares of the company's stock worth $16,734,000 after acquiring an additional 2,402 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Trading Up 0.8 %

NYSE:SJM traded up $0.94 during mid-day trading on Wednesday, reaching $116.23. 1,578,311 shares of the company's stock traded hands, compared to its average volume of 1,267,217. 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 debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a 50 day moving average price of $113.73 and a 200-day moving average price of $111.73. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.88 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 2nd. Investors of record on Friday, May 16th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's dividend payout ratio is -179.25%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business'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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now directly owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SJM has been the topic of a number of research analyst reports. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. 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 report on Friday, January 24th. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, UBS Group assumed coverage on shares of J. M. Smucker in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $126.50.

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.