Two Sigma Securities LLC Sells 8,846 Shares of The J. M. Smucker Company (NYSE:SJM)

Two Sigma Securities LLC trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 81.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,067 shares of the company's stock after selling 8,846 shares during the quarter. Two Sigma Securities LLC's holdings in J. M. Smucker were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock valued at $35,721,000 after purchasing an additional 11,339 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock valued at $150,082,000 after buying an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in J. M. Smucker in the 4th quarter worth approximately $1,273,000. Signal Advisors Wealth LLC grew its stake in J. M. Smucker by 336.3% in the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock valued at $1,426,000 after buying an additional 9,982 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its holdings in J. M. Smucker by 6.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company's stock valued at $29,875,000 after acquiring an additional 16,963 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Up 0.8 %

Shares of SJM traded up $0.93 during mid-day trading on Friday, reaching $114.70. The company's stock had a trading volume of 731,438 shares, compared to its average volume of 1,167,393. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42. The stock has a market cap of $12.21 billion, a PE ratio of 23.22, a P/E/G ratio of 3.91 and a beta of 0.35. The company's fifty day moving average price is $113.96 and its two-hundred day moving average price is $111.69. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

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

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's dividend payout ratio is -179.25%.

Insider Buying and Selling

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 8,794 shares of the company's stock, valued at $1,022,390.44. This represents a 36.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were 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 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. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SJM shares. UBS Group began coverage on J. M. Smucker in a report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price objective on the stock. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Barclays lowered their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. DA Davidson reduced their price target on shares of 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. Finally, Stifel Nicolaus lowered their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. 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 stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average 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.