Dynamic Technology Lab Private Ltd Buys New Stake in The J. M. Smucker Company (NYSE:SJM)

Dynamic Technology Lab Private Ltd purchased a new position in The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 14,221 shares of the company’s stock, valued at approximately $1,566,000.

Other large investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its position in shares of J. M. Smucker by 188.8% in 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 in the last quarter. Kentucky Trust Co acquired a new stake in J. M. Smucker in the fourth quarter worth about $28,000. Kieckhefer Group LLC acquired a new stake in J. M. Smucker in the fourth quarter worth about $33,000. Hantz Financial Services Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter valued at about $39,000. Finally, Sandy Spring Bank increased its holdings in shares of J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after acquiring an additional 396 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $115.03 on Friday. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The stock has a market cap of $12.24 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The business has a 50-day simple moving average of $109.70 and a 200-day simple moving average of $112.20. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.23 billion. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

Wall Street Analyst Weigh In

Several analysts have weighed in on SJM shares. Morgan Stanley started coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They set an “overweight” rating and a $123.00 target price on the stock. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. DA Davidson reduced their target price 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. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.67.

Insider Activity

In other J. M. Smucker 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 approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their position. 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.