3,279 Shares in The J. M. Smucker Company (NYSE:SJM) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new stake in 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 institutional investor bought 3,279 shares of the company's stock, valued at approximately $361,000.

Other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its position in shares of 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 purchasing an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in J. M. Smucker during the 4th quarter valued at approximately $27,000. Kentucky Trust Co purchased a new position in J. M. Smucker during the 4th quarter valued at approximately $28,000. Minot DeBlois Advisors LLC purchased a new position in J. M. Smucker during the 4th quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. purchased a new position in J. M. Smucker during the 4th quarter valued at approximately $29,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Up 0.7%

NYSE SJM traded up $0.74 during trading hours on Thursday, hitting $111.69. 194,935 shares of the company were exchanged, compared to its average volume of 1,161,858. The company has a 50 day moving average of $114.36 and a two-hundred day moving average of $111.20. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Analysts Set New Price Targets

SJM has been the subject of a number of recent research reports. DA Davidson dropped their target price 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. Barclays dropped 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 note on Monday, March 3rd. Jefferies Financial Group reissued a "hold" rating on shares of J. M. Smucker in a report on Wednesday. Wall Street Zen raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Finally, UBS Group started coverage on J. M. Smucker in a report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $125.70.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction 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 owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

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.