The J. M. Smucker Company (NYSE:SJM) Position Cut by Xponance Inc.

Xponance Inc. trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,471 shares of the company’s stock after selling 382 shares during the quarter. Xponance Inc.’s holdings in J. M. Smucker were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its holdings in J. M. Smucker by 14.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 9,869 shares of the company’s stock worth $1,248,000 after buying an additional 1,232 shares in the last quarter. Tyche Wealth Partners LLC bought a new position in J. M. Smucker during the 4th quarter valued at $230,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in J. M. Smucker by 108.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 152,223 shares of the company’s stock valued at $19,238,000 after purchasing an additional 79,181 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its stake in J. M. Smucker by 1.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 14,066 shares of the company’s stock valued at $1,777,000 after purchasing an additional 153 shares in the last quarter. Finally, SVB Wealth LLC boosted its stake in J. M. Smucker by 25.3% during the 4th quarter. SVB Wealth LLC now owns 2,485 shares of the company’s stock valued at $314,000 after purchasing an additional 502 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

SJM opened at $117.72 on Wednesday. The stock has a fifty day moving average of $120.63 and a 200-day moving average of $120.68. The firm has a market capitalization of $12.50 billion, a P/E ratio of -133.77, a PEG ratio of 1.87 and a beta of 0.21. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.21 earnings per share. Equities analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.60%. J. M. Smucker’s dividend payout ratio is -481.81%.

Insider Buying and Selling

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SJM shares. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Barclays increased their price target on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Citigroup decreased their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. TD Cowen decreased their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.47.

J. M. Smucker 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.