7,731 Shares in The J. M. Smucker Company (NYSE:SJM) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new stake in 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 fund acquired 7,731 shares of the company's stock, valued at approximately $851,000.

Several other institutional investors have also recently bought and sold shares of SJM. Norges Bank bought a new position in J. M. Smucker in the 4th quarter valued at $112,978,000. LSV Asset Management raised its position in J. M. Smucker by 3,599.5% in the 4th quarter. LSV Asset Management now owns 929,400 shares of the company's stock valued at $102,346,000 after purchasing an additional 904,278 shares during the last quarter. FIL Ltd raised its position in J. M. Smucker by 87.8% in the 4th quarter. FIL Ltd now owns 925,000 shares of the company's stock valued at $101,861,000 after purchasing an additional 432,500 shares during the last quarter. Invesco Ltd. raised its position in J. M. Smucker by 21.0% in the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock valued at $265,942,000 after purchasing an additional 418,878 shares during the last quarter. Finally, FMR LLC raised its position in J. M. Smucker by 11.3% in the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after purchasing an additional 380,309 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the company'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 completion of the transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company'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 of the company's stock, valued at $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SJM. UBS Group began coverage on J. M. Smucker in a research report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 target price for the company. Morgan Stanley began coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 target price for the company. Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Stifel Nicolaus dropped their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, DA Davidson dropped their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $125.70.

J. M. Smucker Trading Down 0.0%

Shares of J. M. Smucker stock traded down $0.03 during trading on Monday, reaching $113.46. 796,090 shares of the company were exchanged, compared to its average volume of 1,166,880. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The business has a 50-day moving average price of $114.07 and a 200-day moving average price of $111.26. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

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 $1.08 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.81%. J. M. Smucker's payout ratio is -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.