Cornerstone Capital Inc. Has $5.77 Million Stock Position in The J. M. Smucker Company (NYSE:SJM)

Cornerstone Capital Inc. decreased its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 28.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,395 shares of the company's stock after selling 21,245 shares during the period. Cornerstone Capital Inc.'s holdings in J. M. Smucker were worth $5,770,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SJM. Dimensional Fund Advisors LP raised its holdings in shares of J. M. Smucker by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock worth $221,232,000 after acquiring an additional 33,758 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of J. M. Smucker by 44.9% during the 4th quarter. Forum Financial Management LP now owns 2,997 shares of the company's stock valued at $330,000 after buying an additional 928 shares during the last quarter. GeoWealth Management LLC lifted its holdings in shares of J. M. Smucker by 15.0% during the 4th quarter. GeoWealth Management LLC now owns 967 shares of the company's stock valued at $106,000 after buying an additional 126 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $306,000. Finally, CreativeOne Wealth LLC increased its holdings in J. M. Smucker by 3.1% in the fourth quarter. CreativeOne Wealth LLC now owns 7,344 shares of the company's stock worth $809,000 after buying an additional 224 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This trade 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.

J. M. Smucker Price Performance

Shares of NYSE:SJM traded down $1.97 during midday trading on Thursday, reaching $115.63. The company's stock had a trading volume of 458,012 shares, compared to its average volume of 1,272,204. The business's fifty day simple moving average is $112.78 and its 200-day simple moving average is $111.82. 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 J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42. The company has a market capitalization of $12.30 billion, a P/E ratio of 23.41, a P/E/G ratio of 3.91 and a beta of 0.35.

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, beating analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued 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 3.74%. J. M. Smucker's dividend payout ratio is presently -179.25%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SJM. Barclays reduced their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. DA Davidson decreased their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. 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 target price for the company. Finally, TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $126.50.

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.