Dynamic Technology Lab Private Ltd Takes $1.57 Million Position in The J. M. Smucker Company (NYSE:SJM)

Dynamic Technology Lab Private Ltd purchased a new position in The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,221 shares of the company’s stock, valued at approximately $1,566,000.

Several other large investors also recently bought and sold shares of SJM. Capital Advisors Ltd. LLC grew its stake in shares of J. M. Smucker by 188.8% in the 4th 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 bought a new position in shares of J. M. Smucker in the 4th quarter valued at about $28,000. Kieckhefer Group LLC purchased a new position in J. M. Smucker in the fourth quarter worth about $33,000. Hantz Financial Services Inc. bought a new stake in J. M. Smucker during the fourth quarter worth approximately $39,000. Finally, Sandy Spring Bank raised its position in J. M. Smucker by 1,365.5% during the fourth 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 period. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SJM shares. Stifel Nicolaus dropped their target price 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. DA Davidson cut their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Morgan Stanley started coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price target for the company. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Price Performance

Shares of SJM stock opened at $115.03 on Friday. The company has a market capitalization of $12.24 billion, a P/E ratio of 23.29, a P/E/G ratio of 3.91 and a beta of 0.35. The company’s 50-day simple moving average is $109.70 and its two-hundred day simple moving average is $112.20. The J. M. Smucker Company has a one year low of $98.77 and a one year 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.

J. M. Smucker (NYSE:SJM) last announced 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 return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. As a group, equities analysts anticipate 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 was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

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.