The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC boosted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,159 shares of the company’s stock after purchasing an additional 2,060 shares during the quarter. Cullen Capital Management LLC’s holdings in J. M. Smucker were worth $1,669,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC raised 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 during the last quarter. Kentucky Trust Co acquired a new position in shares of J. M. Smucker in the fourth quarter worth $28,000. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at $33,000. Hantz Financial Services Inc. acquired a new stake in shares of J. M. Smucker during the fourth quarter valued at $39,000. Finally, Sandy Spring Bank raised its stake in 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.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was 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 of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Stock Down 2.8 %

Shares of NYSE:SJM opened at $115.03 on Friday. The stock has a 50-day simple moving average of $109.70 and a 200-day simple moving average of $112.14. The stock has a market capitalization of $12.24 billion, a P/E ratio of 23.29, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Wall Street Analysts Forecast Growth

SJM has been the topic of several analyst reports. DA Davidson decreased 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 research note on Tuesday, March 11th. 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. Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price target on the stock. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $125.67.

About J. M. Smucker

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.