Quantinno Capital Management LP Acquires 28,857 Shares of The J. M. Smucker Company (NYSE:SJM)

Quantinno Capital Management LP increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 88.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,391 shares of the company’s stock after buying an additional 28,857 shares during the quarter. Quantinno Capital Management LP owned 0.06% of J. M. Smucker worth $6,760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC lifted 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 buying an additional 151 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in J. M. Smucker in the 4th quarter worth about $27,000. Kentucky Trust Co acquired a new position in J. M. Smucker in the 4th quarter worth about $28,000. Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker in the 4th quarter worth about $28,000. Finally, Measured Risk Portfolios Inc. acquired a new position in J. M. Smucker in the 4th quarter worth about $29,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Up 0.8%

Shares of SJM stock opened at $113.53 on Friday. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 3.91 and a beta of 0.36. The stock has a 50-day moving average of $114.02 and a 200-day moving average of $111.29. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 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 business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. On average, equities research 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.81%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm’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 value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. DA Davidson lowered their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Barclays lowered their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley assumed coverage on J. M. Smucker in a report on Monday, March 24th. They issued an “overweight” rating and a $123.00 target price for the company. Stifel Nicolaus lowered 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. Finally, UBS Group began coverage on 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $126.50.

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.