Columbus Macro LLC Purchases Shares of 2,355 The J. M. Smucker Company (NYSE:SJM)

Columbus Macro LLC acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,355 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds have also recently made changes to their positions in SJM. FMR LLC boosted its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after purchasing an additional 958,142 shares in the last quarter. State Street Corp grew its position in shares of J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after buying an additional 762,746 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of J. M. Smucker by 891.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock valued at $70,226,000 after acquiring an additional 521,404 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of J. M. Smucker by 4,996.0% during the 3rd quarter. International Assets Investment Management LLC now owns 207,202 shares of the company’s stock valued at $25,092,000 after acquiring an additional 203,136 shares during the period. Finally, Nordea Investment Management AB boosted its stake in J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after acquiring an additional 192,748 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SJM shares. Barclays decreased their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Stifel Nicolaus decreased their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $104.70 on Wednesday. The company has a market cap of $11.14 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 3.26 and a beta of 0.27. 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 $99.81 and a 52 week high of $133.85. The business has a 50 day moving average price of $109.48 and a 200-day moving average price of $114.71.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the business earned $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Equities analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is 87.45%.

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.