The J. M. Smucker Company (NYSE:SJM) Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 0.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,407 shares of the company’s stock after selling 100 shares during the quarter. LSV Asset Management’s holdings in J. M. Smucker were worth $19,514,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wolverine Asset Management LLC grew its stake in J. M. Smucker by 300.0% during the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after buying an additional 272 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of J. M. Smucker by 77.1% during the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after buying an additional 178 shares during the period. Planned Solutions Inc. acquired a new stake in J. M. Smucker in the fourth quarter valued at approximately $59,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in J. M. Smucker by 23.2% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $112.75 on Tuesday. The J. M. Smucker Company has a one year low of $107.33 and a one year high of $159.45. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of -128.12, a PEG ratio of 1.70 and a beta of 0.23. The company has a 50-day simple moving average of $118.71 and a 200-day simple moving average of $120.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm posted $2.21 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared 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. This represents a $4.24 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker’s dividend payout ratio is presently -481.81%.

Insider Activity at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the transaction, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on SJM shares. TD Cowen dropped their price objective on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 29th. DA Davidson assumed coverage on J. M. Smucker in a report on Friday, March 1st. They set a “neutral” rating and a $132.00 price target for the company. JPMorgan Chase & Co. increased their price objective on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Stifel Nicolaus raised J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $137.47.

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.