Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in The J. M. Smucker Company (NYSE:SJM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 113,208 shares of the company's stock, valued at approximately $12,466,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of J. M. Smucker at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SJM. Capital Advisors Ltd. LLC boosted its position in shares of J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of J. M. Smucker during the 4th quarter valued at about $27,000. Kentucky Trust Co bought a new position in shares of J. M. Smucker during the 4th quarter valued at about $28,000. Minot DeBlois Advisors LLC bought a new position in shares of J. M. Smucker during the 4th quarter valued at about $28,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of J. M. Smucker during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on SJM shares. UBS Group started 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. Jefferies Financial Group reiterated a "hold" rating on shares of J. M. Smucker in a report on Wednesday. DA Davidson decreased their target price on shares of 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 decreased their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley initiated coverage on shares of J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 price target 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. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of "Hold" and an average target price of $125.70.

Insider Activity

In related 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 transaction of $569,974.08. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. This represents 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 owned by corporate insiders.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded up $0.20 during trading on Friday, reaching $112.67. The stock had a trading volume of 1,464,542 shares, compared to its average volume of 1,153,197. 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 capitalization of $11.99 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 3.91 and a beta of 0.36. 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 stock has a fifty day simple moving average of $114.40 and a two-hundred day simple moving average of $111.19.

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. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share 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. Stockholders 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 annualized dividend and a dividend yield of 3.83%. J. M. Smucker's dividend payout ratio is presently -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.