111 Capital Takes Position in The J. M. Smucker Company (NYSE:SJM)

111 Capital acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,397 shares of the company's stock, valued at approximately $1,145,000.

A number of other institutional investors have also recently added to or reduced their stakes in SJM. Capital Advisors Ltd. LLC raised its position in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in J. M. Smucker during the fourth quarter worth about $27,000. Kentucky Trust Co acquired a new position in J. M. Smucker during the fourth quarter worth about $28,000. Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter worth about $28,000. Finally, Measured Risk Portfolios Inc. acquired a new position in J. M. Smucker during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Trading Up 0.2%

SJM stock traded up $0.20 on Friday, hitting $112.67. 1,464,542 shares of the company were exchanged, compared to its average volume of 1,164,643. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve 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 business's fifty day moving average is $114.40 and its two-hundred day moving average is $111.19. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. As a group, research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 yield of 3.83%. The ex-dividend date is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Insider Buying and Selling

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

Analysts Set New Price Targets

SJM has been the subject of a number of research reports. DA Davidson cut their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. 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 target price for the company. Citigroup cut their target price on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Morgan Stanley started coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 target price for the company. Finally, Barclays cut their price objective 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $125.70.

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.