Gotham Asset Management LLC Has $8.61 Million Stock Position in The J. M. Smucker Company (NYSE:SJM)

Gotham Asset Management LLC lifted its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,169 shares of the company's stock after buying an additional 20,872 shares during the period. Gotham Asset Management LLC owned about 0.07% of J. M. Smucker worth $8,608,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC increased its holdings in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after buying an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter worth $27,000. Kentucky Trust Co acquired a new position in shares of J. M. Smucker during the fourth quarter worth $28,000. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth $33,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter worth $39,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Trading Up 2.1%

Shares of SJM traded up $2.31 during trading hours on Thursday, hitting $112.57. 929,050 shares of the stock were exchanged, compared to its average volume of 1,171,298. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The business has a 50-day moving average of $114.03 and a 200-day moving average of $111.29. The firm has a market capitalization of $11.98 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. On average, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's payout ratio is -179.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SJM. Barclays lowered 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. UBS Group initiated coverage on shares of J. M. Smucker in a research note on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price target for the company. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Morgan Stanley initiated coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price target for the company. Finally, DA Davidson dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $126.50.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the firm'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 sale, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. 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 the firm's stock in a transaction 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 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. Corporate insiders own 3.40% of the company's stock.

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.