Quantinno Capital Management LP Has $6.76 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Quantinno Capital Management LP boosted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 88.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,391 shares of the company's stock after buying an additional 28,857 shares during the quarter. Quantinno Capital Management LP owned 0.06% of J. M. Smucker worth $6,760,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of J. M. Smucker by 4.5% during the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company's stock valued at $16,405,000 after buying an additional 5,790 shares in the last quarter. Czech National Bank boosted its position in J. M. Smucker by 6.4% during the 4th quarter. Czech National Bank now owns 23,071 shares of the company's stock worth $2,541,000 after acquiring an additional 1,390 shares during the period. Burney Co. boosted its position in J. M. Smucker by 2.4% during the 4th quarter. Burney Co. now owns 5,628 shares of the company's stock worth $620,000 after acquiring an additional 130 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in J. M. Smucker by 9.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,274 shares of the company's stock valued at $1,021,000 after acquiring an additional 825 shares in the last quarter. Finally, Somerset Trust Co acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $221,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. 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 J. M. Smucker stock in a transaction 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 sale, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on SJM. Stifel Nicolaus decreased their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Barclays cut their price objective 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 started coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective for the company. Finally, Citigroup dropped their target price on J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday. One equities 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $125.70.

J. M. Smucker Stock Down 0.7%

J. M. Smucker stock traded down $0.84 during mid-day trading on Thursday, hitting $111.69. 198,441 shares of the company's stock were exchanged, compared to its average volume of 1,163,021. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The stock has a 50 day moving average of $114.16 and a two-hundred day moving average of $111.30. 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 has a market cap of $11.89 billion, a P/E ratio of 22.62, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. As a group, analysts anticipate 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. Shareholders 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 annualized dividend and a yield of 3.87%. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

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.