The J. M. Smucker Company (NYSE:SJM) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,507 shares of the company’s stock after selling 3,531 shares during the quarter. Tidal Investments LLC’s holdings in J. M. Smucker were worth $1,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank raised its holdings in J. M. Smucker by 27.3% in the fourth quarter. Toronto Dominion Bank now owns 56,964 shares of the company’s stock valued at $6,273,000 after buying an additional 12,207 shares during the period. Safe Harbor Fiduciary LLC raised its stake in shares of J. M. Smucker by 4.1% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 3,743 shares of the company’s stock valued at $412,000 after acquiring an additional 146 shares during the period. Siemens Fonds Invest GmbH acquired a new position in shares of J. M. Smucker during the 4th quarter valued at $4,605,000. Sherbrooke Park Advisers LLC acquired a new position in shares of J. M. Smucker during the 4th quarter valued at $851,000. Finally, Royal Bank of Canada boosted its position in J. M. Smucker by 13.1% during the 4th quarter. Royal Bank of Canada now owns 162,539 shares of the company’s stock worth $17,898,000 after purchasing an additional 18,877 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on SJM shares. 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 note on Monday, March 3rd. Citigroup dropped their target price on J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, May 19th. DA Davidson reduced their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. UBS Group began coverage on shares of J. M. Smucker in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $134.00 price objective for the company. Finally, Morgan Stanley initiated coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $125.70.

J. M. Smucker Stock Performance

Shares of SJM opened at $112.69 on Friday. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 3.91 and a beta of 0.36. 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 business’s 50 day moving average is $114.19 and its two-hundred day moving average is $111.23. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. Analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.83%. 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 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 owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The stock was 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. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

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.