GAMMA Investing LLC Has $38.05 Million Stake in The J. M. Smucker Company (NYSE:SJM)

GAMMA Investing LLC boosted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 8,557.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 321,365 shares of the company's stock after purchasing an additional 317,653 shares during the period. GAMMA Investing LLC owned about 0.30% of J. M. Smucker worth $38,053,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Exeter Financial LLC lifted its position in shares of J. M. Smucker by 44.9% in the first quarter. Exeter Financial LLC now owns 8,955 shares of the company's stock valued at $1,060,000 after buying an additional 2,775 shares during the last quarter. Sage Capital Advisors llc raised its stake in J. M. Smucker by 1.0% in the 1st quarter. Sage Capital Advisors llc now owns 67,468 shares of the company's stock valued at $7,989,000 after acquiring an additional 653 shares during the period. Versant Capital Management Inc raised its stake in J. M. Smucker by 116.5% in the 1st quarter. Versant Capital Management Inc now owns 1,139 shares of the company's stock valued at $135,000 after acquiring an additional 613 shares during the period. Kera Capital Partners Inc. acquired a new stake in J. M. Smucker during the 1st quarter valued at $261,000. Finally, 111 Capital bought a new position in J. M. Smucker during the fourth quarter worth $1,145,000. Institutional investors own 81.66% of the company's stock.

Insider Buying and Selling

In other 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 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. The trade was a 36.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the 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 in the company, valued at $1,503,493.68. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Price Performance

Shares of NYSE SJM traded down $0.52 during midday trading on Friday, reaching $110.52. The company's stock had a trading volume of 591,993 shares, compared to its average volume of 1,142,462. 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 has a market cap of $11.76 billion, a P/E ratio of 22.38, a P/E/G ratio of 3.91 and a beta of 0.35. The business's 50 day moving average price is $114.04 and its two-hundred day moving average price is $111.25. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.91%. J. M. Smucker's dividend payout ratio is -179.25%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SJM shares. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Citigroup decreased their price target on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Jefferies Financial Group reissued a "hold" rating on shares of J. M. Smucker in a report on Wednesday, May 28th. DA Davidson reduced their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Barclays decreased their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, J. M. Smucker has an average rating of "Hold" and an average price target of $125.30.

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.