7,725 Shares in The J. M. Smucker Company (NYSE:SJM) Bought by Cullen Investment Group LTD.

Cullen Investment Group LTD. bought a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,725 shares of the company's stock, valued at approximately $976,000.

Other institutional investors have also made changes to their positions in the company. Kinneret Advisory LLC boosted its holdings in shares of J. M. Smucker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 3,302 shares of the company's stock worth $447,000 after purchasing an additional 74 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in J. M. Smucker by 3.7% in the first quarter. Moneta Group Investment Advisors LLC now owns 2,382 shares of the company's stock valued at $375,000 after acquiring an additional 86 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its stake in J. M. Smucker by 1.0% in the first quarter. Williams Jones Wealth Management LLC. now owns 8,327 shares of the company's stock valued at $1,310,000 after acquiring an additional 86 shares during the last quarter. Shell Asset Management Co. lifted its stake in J. M. Smucker by 4.4% in the third quarter. Shell Asset Management Co. now owns 2,183 shares of the company's stock valued at $268,000 after acquiring an additional 93 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its stake in J. M. Smucker by 2.0% in the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company's stock valued at $595,000 after acquiring an additional 97 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SJM shares. Citigroup reduced their target price on shares of J. M. Smucker from $153.00 to $152.00 and set a "buy" rating for the company in a research note on Wednesday, February 28th. TD Cowen reduced their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Stifel Nicolaus upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price objective for the company in a research note on Wednesday, February 28th. Finally, DA Davidson initiated coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They issued a "neutral" rating and a $132.00 price objective for the company. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, J. M. Smucker presently has an average rating of "Hold" and an average price target of $137.47.

J. M. Smucker Stock Performance

SJM stock traded down $0.21 on Tuesday, reaching $109.99. 1,400,564 shares of the company were exchanged, compared to its average volume of 1,271,503. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92. The stock's fifty day moving average price is $122.18 and its 200 day moving average price is $120.84. The firm has a market capitalization of $11.68 billion, a PE ratio of -124.99, a PEG ratio of 1.75 and a beta of 0.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm posted $2.21 earnings per share. J. M. Smucker's revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 3.85%. The ex-dividend date was Thursday, February 15th. J. M. Smucker's dividend payout ratio (DPR) is presently -481.81%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the sale, the insider now owns 8,946 shares of the company's stock, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% 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.