The J. M. Smucker Company (NYSE:SJM) Position Boosted by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 60.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,939 shares of the company’s stock after purchasing an additional 90,939 shares during the quarter. J. M. Smucker comprises approximately 1.4% of Lighthouse Investment Partners LLC’s holdings, making the stock its 5th largest holding. Lighthouse Investment Partners LLC owned 0.23% of J. M. Smucker worth $30,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SJM. Invesco Ltd. increased its holdings in shares of J. M. Smucker by 9.3% in the 3rd quarter. Invesco Ltd. now owns 1,777,750 shares of the company’s stock worth $218,503,000 after buying an additional 151,389 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of J. M. Smucker by 13.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock valued at $213,441,000 after purchasing an additional 202,092 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of J. M. Smucker by 487.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after purchasing an additional 1,210,837 shares during the period. Northern Trust Corp increased its position in shares of J. M. Smucker by 2.1% during the 3rd quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock valued at $179,170,000 after purchasing an additional 29,728 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of J. M. Smucker by 363.8% during the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after purchasing an additional 999,315 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SJM has been the topic of several research analyst reports. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. upped their price objective on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. TD Cowen cut their target price on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Wednesday, February 28th. Finally, DA Davidson started coverage on shares of J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.79.

J. M. Smucker Stock Performance

NYSE:SJM traded down $0.39 during mid-day trading on Friday, hitting $114.98. The company’s stock had a trading volume of 1,722,209 shares, compared to its average volume of 1,339,258. The business’s fifty day moving average is $113.81 and its two-hundred day moving average is $120.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.38. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.74 and a beta of 0.23. The J. M. Smucker Company has a 1 year low of $106.32 and a 1 year high of $154.34.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company earned $2.64 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Analysts anticipate that The J. M. Smucker Company will post 10.12 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.69%. J. M. Smucker’s dividend payout ratio is currently 59.55%.

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.