Voloridge Investment Management LLC Has $22.69 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Voloridge Investment Management LLC lowered its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,007 shares of the company's stock after selling 80,749 shares during the quarter. Voloridge Investment Management LLC owned 0.19% of J. M. Smucker worth $22,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its stake in shares of J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $27,000. Kentucky Trust Co acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $28,000. Minot DeBlois Advisors LLC acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $28,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $29,000. Institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

SJM has been the topic of several recent research reports. UBS Group initiated coverage on J. M. Smucker in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 price target on the stock. DA Davidson reduced 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 upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 price target on the stock. Finally, Citigroup dropped their price target on J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of "Hold" and a consensus price target of $125.70.

J. M. Smucker Stock Performance

NYSE SJM traded down $2.29 during trading on Wednesday, reaching $111.64. 260,809 shares of the company's stock were exchanged, compared to its average volume of 1,161,081. 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 $11.88 billion, a P/E ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.36. The business has a 50 day moving average price of $114.34 and a 200-day moving average price of $111.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared 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. This represents a $4.32 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief financial officer now owns 13,263 shares of the company's stock, valued at $1,503,493.68. The trade was a 27.49% 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 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.