Fox Run Management L.L.C. Buys New Stake in The J. M. Smucker Company (NYSE:SJM)

Fox Run Management L.L.C. bought a new stake in The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,904 shares of the company’s stock, valued at approximately $1,201,000.

Several other large investors have also recently bought and sold shares of the business. Capital Advisors Ltd. LLC boosted its stake in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new position in J. M. Smucker in the fourth quarter valued at $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the fourth quarter valued at $33,000. Hantz Financial Services Inc. acquired a new position in J. M. Smucker in the fourth quarter valued at $39,000. Finally, Sandy Spring Bank boosted its stake in J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after acquiring an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were 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 in the company, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by insiders.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $109.78 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The company has a market cap of $11.68 billion, a P/E ratio of 22.22, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.15. The company has a 50-day moving average price of $107.00 and a 200 day moving average price of $112.42.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.94%. J. M. Smucker’s payout ratio is currently -179.25%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus decreased 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. Finally, DA Davidson decreased their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $126.00.

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.