The J. M. Smucker Company (NYSE:SJM) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 359,822 shares of the company’s stock after acquiring an additional 17,302 shares during the period. ExodusPoint Capital Management LP owned about 0.34% of J. M. Smucker worth $39,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC lifted its stake in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter worth approximately $33,000. Hantz Financial Services Inc. purchased a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $39,000. Finally, Sandy Spring Bank raised its stake in J. M. Smucker by 1,365.5% in the 4th 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SJM shares. DA Davidson dropped 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 report on Tuesday, March 11th. Stifel Nicolaus cut their price objective 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 lowered 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. Morgan Stanley began coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price target for the company. Finally, Barclays reduced 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, J. M. Smucker has an average rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $118.44 on Thursday. The firm has a market cap of $12.60 billion, a PE ratio of 23.98, 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 52 week low of $98.77 and a 52 week high of $125.42. The business’s fifty day simple moving average is $109.16 and its 200-day simple moving average is $112.20.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Insider Activity

In other news, 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 transaction, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the company’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 transaction of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

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.