The J. M. Smucker Company (NYSE:SJM) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 23.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,507 shares of the company's stock after selling 3,531 shares during the quarter. Tidal Investments LLC's holdings in J. M. Smucker were worth $1,267,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in J. M. Smucker in the fourth quarter valued at approximately $112,978,000. LSV Asset Management raised its position in J. M. Smucker by 3,599.5% in the fourth quarter. LSV Asset Management now owns 929,400 shares of the company's stock valued at $102,346,000 after purchasing an additional 904,278 shares during the period. FIL Ltd lifted its stake in shares of J. M. Smucker by 87.8% in the 4th 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. grew its holdings in shares of J. M. Smucker by 21.0% during the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock worth $265,942,000 after purchasing an additional 418,878 shares during the period. Finally, FMR LLC increased its position in shares of J. M. Smucker by 11.3% during 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 during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on SJM. Barclays decreased their target price on shares of 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. Citigroup decreased their price objective on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, May 19th. UBS Group assumed coverage on shares of J. M. Smucker in a report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 target price for the company. DA Davidson decreased their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Morgan Stanley began coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, J. M. Smucker has a consensus rating of "Hold" and a consensus target price of $125.70.

Insider Transactions at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the 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 transaction, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. This trade represents a 36.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction 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 approximately $1,503,493.68. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

J. M. Smucker Stock Up 1.1%

NYSE:SJM traded up $1.27 during mid-day trading on Thursday, hitting $112.22. The stock had a trading volume of 378,947 shares, compared to its average volume of 1,211,010. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The stock has a 50-day simple moving average of $114.36 and a two-hundred day simple moving average of $111.20. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $11.94 billion, a PE ratio of 22.72, a PEG ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

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.