Hsbc Holdings PLC Buys 36,663 Shares of The J. M. Smucker Company (NYSE:SJM)

Hsbc Holdings PLC lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,095 shares of the company's stock after buying an additional 36,663 shares during the period. Hsbc Holdings PLC owned about 0.19% of J. M. Smucker worth $22,773,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in J. M. Smucker during the third quarter worth about $682,000. Tidal Investments LLC grew its holdings in J. M. Smucker by 1.3% during the third quarter. Tidal Investments LLC now owns 15,038 shares of the company's stock worth $1,821,000 after purchasing an additional 190 shares during the period. Principal Financial Group Inc. grew its holdings in J. M. Smucker by 4.5% during the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company's stock worth $16,405,000 after purchasing an additional 5,790 shares during the period. JPMorgan Chase & Co. grew its holdings in J. M. Smucker by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock worth $85,251,000 after purchasing an additional 31,745 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of J. M. Smucker by 106.3% during the fourth quarter. Versant Capital Management Inc now owns 526 shares of the company's stock worth $58,000 after acquiring an additional 271 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Trading Down 2.1 %

J. M. Smucker stock traded down $2.44 during trading hours on Thursday, hitting $113.83. The stock had a trading volume of 815,533 shares, compared to its average volume of 1,257,649. 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 market cap of $12.11 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.42. The business's 50 day simple moving average is $113.85 and its 200-day simple moving average is $111.76.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared 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 of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.80%. J. M. Smucker's payout ratio is -179.25%.

Insider Activity

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm's 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 owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SJM. UBS Group began coverage on J. M. Smucker in a report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price objective for the company. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays dropped 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 research report on Monday, March 3rd. Morgan Stanley initiated coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued 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 report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of "Hold" and a consensus price target of $126.50.

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.