The J. M. Smucker Company (NYSE:SJM) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 23.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,059 shares of the company’s stock after purchasing an additional 3,408 shares during the quarter. UniSuper Management Pty Ltd’s holdings in J. M. Smucker were worth $1,989,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its position in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co purchased a new position in J. M. Smucker in the fourth quarter worth approximately $28,000. Kieckhefer Group LLC purchased a new position in J. M. Smucker in the fourth quarter worth approximately $33,000. Hantz Financial Services Inc. purchased a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $39,000. Finally, Sandy Spring Bank increased its position in shares of J. M. Smucker by 1,365.5% in the 4th quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after purchasing an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.5 %

NYSE SJM opened at $116.13 on Monday. The firm’s fifty day moving average is $108.21 and its two-hundred day moving average is $112.17. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market cap of $12.36 billion, a PE ratio of 23.51, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued 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 return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. 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 -179.25%.

Insider Buying and Selling at J. M. Smucker

In other news, 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 directly owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on SJM shares. Stifel Nicolaus lowered their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Barclays dropped their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday. Finally, DA Davidson reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $125.67.

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.