Caption Management LLC Invests $3.51 Million in The J. M. Smucker Company (NYSE:SJM)

Caption Management LLC acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 31,900 shares of the company's stock, valued at approximately $3,513,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at $112,978,000. LSV Asset Management raised its position in shares of J. M. Smucker by 3,599.5% during the fourth quarter. LSV Asset Management now owns 929,400 shares of the company's stock worth $102,346,000 after purchasing an additional 904,278 shares during the period. FIL Ltd lifted its holdings in shares of J. M. Smucker by 87.8% during the fourth quarter. FIL Ltd now owns 925,000 shares of the company's stock valued at $101,861,000 after purchasing an additional 432,500 shares during the last quarter. Invesco Ltd. boosted its position in shares of 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 purchasing an additional 418,878 shares during the period. Finally, FMR LLC increased its stake in J. M. Smucker by 11.3% in the 4th 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 in the last quarter. Institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SJM. TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. UBS Group began coverage on J. M. Smucker in a research report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price objective for the company. Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Finally, DA Davidson decreased their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, J. M. Smucker presently has an average rating of "Hold" and an average price target of $126.50.

J. M. Smucker Stock Down 0.6 %

Shares of NYSE:SJM opened at $114.03 on Tuesday. The company has a market capitalization of $12.14 billion, a PE ratio of 23.08, a P/E/G ratio of 3.91 and a beta of 0.36. 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 company's fifty day moving average is $114.05 and its 200-day moving average is $111.50. 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 posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.79%. The ex-dividend date 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 stock in a transaction dated 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 owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the business'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 transaction, the insider now owns 8,794 shares of the company's stock, valued at $1,022,390.44. The trade was 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 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.

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