FORA Capital LLC Buys Shares of 4,552 The J. M. Smucker Company (NYSE:SJM)

FORA Capital LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,552 shares of the company’s stock, valued at approximately $501,000.

Other large investors also recently made changes to their positions in the company. Capital Advisors Ltd. LLC increased its holdings in 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. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $27,000. Kentucky Trust Co acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Kieckhefer Group LLC bought a new stake in shares of J. M. Smucker in the fourth quarter worth $33,000. Finally, Hantz Financial Services Inc. bought a new position in J. M. Smucker in the fourth quarter valued at $39,000. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus decreased their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report 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 research note on Monday, March 3rd. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. UBS Group began coverage on shares of J. M. Smucker in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $134.00 price target for the company. Finally, DA Davidson dropped their target price 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 analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $126.50.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $111.48 on Friday. The stock’s 50 day moving average is $114.20 and its 200-day moving average is $111.42. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 3.91 and a beta of 0.36. 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 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) last posted its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.88%. J. M. Smucker’s payout ratio is presently -179.25%.

Insider Transactions at J. M. Smucker

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 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 trade represents a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

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.