Worldquant Millennium Advisors LLC Has $23.92 Million Stock Position in The J. M. Smucker Company (NYSE:SJM)

Worldquant Millennium Advisors LLC lifted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 10.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 217,253 shares of the company's stock after acquiring an additional 20,837 shares during the period. Worldquant Millennium Advisors LLC owned 0.20% of J. M. Smucker worth $23,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of J. M. Smucker by 3.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock valued at $35,721,000 after purchasing an additional 11,339 shares during the period. Nisa Investment Advisors LLC raised its holdings in J. M. Smucker by 88.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,465 shares of the company's stock worth $1,263,000 after acquiring an additional 5,395 shares during the period. SG Americas Securities LLC raised its holdings in J. M. Smucker by 285.4% in the 4th quarter. SG Americas Securities LLC now owns 25,304 shares of the company's stock worth $2,786,000 after acquiring an additional 18,739 shares during the period. Blue Trust Inc. lifted its position in J. M. Smucker by 26.2% during the 4th quarter. Blue Trust Inc. now owns 1,302 shares of the company's stock worth $158,000 after acquiring an additional 270 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in J. M. Smucker by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 15,253 shares of the company's stock valued at $1,680,000 after acquiring an additional 3,550 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded up $0.70 during trading on Monday, hitting $112.69. 683,070 shares of the stock were exchanged, compared to its average volume of 1,164,954. The company 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. 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 J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The company's fifty day simple moving average is $114.19 and its 200-day simple moving average is $111.20.

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

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.83%. J. M. Smucker's payout ratio is currently -179.25%.

Wall Street Analyst Weigh In

SJM has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective on the stock. DA Davidson lowered their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Wall Street Zen raised J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. UBS Group assumed coverage on J. M. Smucker in a report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price target for the company. Finally, Barclays lowered their price objective on shares of 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. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $125.70.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now 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 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.