Two Sigma Investments LP Has $87.77 Million Position in The J. M. Smucker Company (NYSE:SJM)

Two Sigma Investments LP lifted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 797,064 shares of the company's stock after buying an additional 129,870 shares during the quarter. Two Sigma Investments LP owned about 0.75% of J. M. Smucker worth $87,773,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake in shares of J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $27,000. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $28,000. Minot DeBlois Advisors LLC bought a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. bought a new stake in J. M. Smucker during the fourth quarter worth approximately $29,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of SJM stock traded up $0.70 during trading hours on Friday, reaching $112.69. 683,070 shares of the company's stock were exchanged, compared to its average volume of 1,164,954. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42. The stock has a market capitalization of $11.99 billion, a P/E ratio of 22.81, a P/E/G ratio of 3.91 and a beta of 0.36. The business has a fifty day moving average price of $114.19 and a 200-day moving average price of $111.23. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

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 analysts' consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. Analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company 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 is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.83%. J. M. Smucker's payout ratio is -179.25%.

Analyst Ratings Changes

SJM has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on 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. Barclays decreased their target price on 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. Citigroup decreased their target price on 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. DA Davidson decreased their target price on 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. Finally, Wall Street Zen raised J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $125.70.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company's 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 completion of the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company's 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 completion of the transaction, the insider now owns 8,794 shares of the company's stock, valued at $1,022,390.44. The trade was a 36.78% 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 corporate insiders.

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.