15,422 Shares in The J. M. Smucker Company (NYSE:SJM) Purchased by Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Investment Management LLP purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,422 shares of the company’s stock, valued at approximately $1,695,000.

Several other large investors have also modified their holdings of the business. Capital Advisors Ltd. LLC boosted its stake in shares of J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co acquired a new position in J. M. Smucker in the 4th quarter valued at $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the 4th quarter valued at $33,000. Hantz Financial Services Inc. acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $39,000. Finally, Sandy Spring Bank grew its position in shares of J. M. Smucker by 1,365.5% in the fourth 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 period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SJM. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday. Barclays dropped 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 research report on Monday, March 3rd. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, DA Davidson dropped their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Trading Up 2.1 %

J. M. Smucker stock opened at $116.84 on Friday. The company has a 50 day moving average price of $107.93 and a 200 day moving average price of $112.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.15. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share 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 for the quarter, compared to the consensus estimate of $2.23 billion. Research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently -179.25%.

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.