XTX Topco Ltd Makes New Investment in The J. M. Smucker Company (NYSE:SJM)

XTX Topco Ltd acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,780 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC grew its position in shares of 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 in the last quarter. Kentucky Trust Co bought a new position in shares of J. M. Smucker during the fourth quarter worth approximately $28,000. Kieckhefer Group LLC bought a new position in shares of J. M. Smucker during the fourth quarter worth approximately $33,000. Hantz Financial Services Inc. acquired a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $39,000. Finally, Sandy Spring Bank boosted its position in shares of J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after acquiring an additional 396 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Up 0.8 %

Shares of SJM stock traded up $0.94 during trading hours on Wednesday, reaching $116.23. The company had a trading volume of 1,578,321 shares, compared to its average volume of 1,169,608. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42. 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 business has a fifty day simple moving average of $113.85 and a 200-day simple moving average of $111.76. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued 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 business 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%. On average, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 dividend on an annualized basis and a yield of 3.72%. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $594,902.42. Following the completion of the sale, 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. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SJM. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays cut 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 report on Monday, March 3rd. Morgan Stanley started coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price on the stock. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Finally, DA Davidson cut their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. 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 company presently has an average rating of "Hold" and a consensus target price 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.