Elo Mutual Pension Insurance Co Invests $1.25 Million in The J. M. Smucker Company (NYSE:SJM)

Elo Mutual Pension Insurance Co bought a new stake in The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,323 shares of the company’s stock, valued at approximately $1,247,000.

Several other hedge funds have also bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its position in shares of 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 buying an additional 151 shares during the last quarter. Kentucky Trust Co bought a new stake in J. M. Smucker in the 4th quarter valued at $28,000. Kieckhefer Group LLC acquired a new stake in J. M. Smucker during the 4th quarter valued at $33,000. Hantz Financial Services Inc. bought a new position in J. M. Smucker during the fourth quarter worth $39,000. Finally, Sandy Spring Bank increased its holdings in shares of 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 purchasing an additional 396 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 0.5 %

SJM stock opened at $116.13 on Monday. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.75. The business has a 50-day simple moving average of $108.21 and a 200 day simple moving average of $112.17. 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 $12.36 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its quarterly 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. The company 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%. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus reduced 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 report on Friday, January 24th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. DA Davidson lowered their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley started coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an “overweight” rating and a $123.00 price target for the company. Finally, Barclays lowered 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 report on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $125.67.

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.