Woodline Partners LP Acquires New Shares in The J. M. Smucker Company (NYSE:SJM)

Woodline Partners LP 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 Securities and Exchange Commission. The fund bought 6,390 shares of the company's stock, valued at approximately $704,000.

Several other large investors have also recently modified their holdings of the stock. Capital Advisors Ltd. LLC raised its position 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 worth $25,000 after acquiring an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $27,000. Kentucky Trust Co purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Minot DeBlois Advisors LLC purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $29,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

NYSE:SJM traded up $0.20 during mid-day trading on Friday, hitting $112.67. 1,464,542 shares of the company's stock traded hands, compared to its average volume of 1,153,197. The firm has a 50 day moving average of $114.40 and a two-hundred day moving average of $111.20. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42. The firm 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 current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (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 business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a $1.08 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.83%. J. M. Smucker's payout ratio is -179.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SJM shares. UBS Group started coverage on J. M. Smucker in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 price objective for the company. Wall Street Zen raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Barclays dropped their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of J. M. Smucker in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $125.70.

Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred 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 sale, the insider now owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. The trade was a 36.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The stock was 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 in the company, valued at $1,503,493.68. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by 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.