Nebula Research & Development LLC Takes $404,000 Position in The J. M. Smucker Company (NYSE:SJM)

Nebula Research & Development LLC purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,671 shares of the company's stock, valued at approximately $404,000.

Other hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC grew its holdings in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $28,000. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter worth about $33,000. Hantz Financial Services Inc. acquired a new position in shares of J. M. Smucker in the 4th quarter worth approximately $39,000. Finally, Sandy Spring Bank grew its holdings in shares of J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analysts Set New Price Targets

SJM has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective on the stock. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Barclays reduced their target price 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. DA Davidson lowered their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group started coverage on shares of J. M. Smucker in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $126.50.

J. M. Smucker Stock Performance

J. M. Smucker stock traded up $0.93 during midday trading on Friday, hitting $114.70. The company's stock had a trading volume of 731,438 shares, compared to its average volume of 1,167,940. 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 company has a market cap of $12.21 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 3.91 and a beta of 0.36. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The company has a 50-day moving average price of $113.96 and a two-hundred day moving average price of $111.62.

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 business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's payout ratio is presently -179.25%.

Insider Buying and Selling 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 transaction of $594,902.42. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the company'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 transaction, the chief financial officer now owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.