Trexquant Investment LP Buys Shares of 144,265 The J. M. Smucker Company (NYSE:SJM)

Trexquant Investment LP purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 144,265 shares of the company’s stock, valued at approximately $15,886,000. Trexquant Investment LP owned approximately 0.14% of J. M. Smucker as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its holdings in J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after acquiring an additional 100 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of J. M. Smucker by 4.1% during the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after purchasing an additional 108 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock valued at $203,000 after purchasing an additional 115 shares in the last quarter. Mendel Money Management grew its position in shares of J. M. Smucker by 3.1% in the 4th quarter. Mendel Money Management now owns 3,933 shares of the company’s stock valued at $433,000 after purchasing an additional 117 shares during the period. Finally, Code Waechter LLC increased its stake in J. M. Smucker by 2.5% during the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of 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. 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 research note on Friday, January 24th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. DA Davidson cut their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.67.

J. M. Smucker Stock Down 0.0 %

NYSE:SJM opened at $118.41 on Wednesday. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. 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 J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The stock’s 50 day moving average price is $108.84 and its two-hundred day moving average price is $112.15.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results 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. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.65%. J. M. Smucker’s payout ratio is -179.25%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

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.