The J. M. Smucker Company (NYSE:SJM) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 88.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61,391 shares of the company's stock after acquiring an additional 28,857 shares during the period. Quantinno Capital Management LP owned about 0.06% of J. M. Smucker worth $6,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Advisors Ltd. LLC increased its holdings in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after purchasing an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in J. M. Smucker during the 4th quarter valued at about $27,000. Kentucky Trust Co purchased a new stake in J. M. Smucker during the 4th quarter valued at about $28,000. Minot DeBlois Advisors LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $28,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $29,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Down 2.0%

J. M. Smucker stock traded down $2.33 during mid-day trading on Wednesday, hitting $112.62. The company's stock had a trading volume of 894,171 shares, compared to its average volume of 1,166,925. 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 stock's fifty day moving average is $114.14 and its two-hundred day moving average is $111.29. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42. The firm has a market capitalization of $11.98 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36.

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

J. M. Smucker Dividend Announcement

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

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction dated 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 trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

SJM has been the subject of a number of analyst reports. Barclays reduced their price target on 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. 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 target for the company. Citigroup reduced their price target on J. M. Smucker from $129.00 to $128.00 and set a "buy" rating for the company in a report on Monday. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Finally, Stifel Nicolaus reduced their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.