Man Group plc Has $18.01 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Man Group plc raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 435.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,555 shares of the company's stock after acquiring an additional 133,011 shares during the period. Man Group plc owned approximately 0.15% of J. M. Smucker worth $18,011,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SJM. Utah Retirement Systems raised its stake in shares of J. M. Smucker by 0.6% during the fourth quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock valued at $1,888,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont grew its position in J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company's stock valued at $301,000 after buying an additional 108 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock valued at $203,000 after buying an additional 115 shares during the period. Mendel Money Management raised its position in shares of J. M. Smucker by 3.1% during the 4th quarter. Mendel Money Management now owns 3,933 shares of the company's stock worth $433,000 after buying an additional 117 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of J. M. Smucker by 35.7% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company's stock worth $52,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Trading Down 0.8%

Shares of SJM traded down $0.89 during midday trading on Thursday, hitting $111.64. The stock had a trading volume of 166,954 shares, compared to its average volume of 1,162,904. The business has a 50-day simple moving average of $114.16 and a two-hundred day simple moving average of $111.30. The firm has a market cap of $11.88 billion, a P/E ratio of 22.60, 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. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly 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. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.87%. J. M. Smucker's dividend payout ratio is -179.25%.

Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were 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 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 the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This 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.

Analysts Set New Price Targets

SJM has been the topic of several recent analyst reports. UBS Group initiated coverage on J. M. Smucker in a report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 target price on the stock. Morgan Stanley initiated coverage on J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Barclays dropped their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, DA Davidson reduced 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. One 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.70.

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.