Tudor Investment Corp Et Al Acquires 19,359 Shares of The J. M. Smucker Company (NYSE:SJM)

Tudor Investment Corp Et Al increased its holdings in The J. M. Smucker Company (NYSE:SJMFree Report) by 1,382.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,759 shares of the company’s stock after acquiring an additional 19,359 shares during the quarter. Tudor Investment Corp Et Al’s holdings in J. M. Smucker were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Fairfield Bush & CO. boosted its holdings in J. M. Smucker by 1.5% in the first quarter. Fairfield Bush & CO. now owns 30,551 shares of the company’s stock worth $4,137,000 after acquiring an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in J. M. Smucker by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company’s stock worth $1,963,000 after purchasing an additional 898 shares in the last quarter. Allianz Asset Management GmbH grew its position in J. M. Smucker by 1.7% during the 1st quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company’s stock valued at $45,980,000 after purchasing an additional 5,531 shares during the last quarter. National Pension Service increased its stake in J. M. Smucker by 1,012.2% during the 1st quarter. National Pension Service now owns 192,636 shares of the company’s stock valued at $26,085,000 after purchasing an additional 175,315 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after buying an additional 162,944 shares during the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $124.53, for a total transaction of $186,795.00. Following the sale, the chief financial officer now directly owns 10,126 shares of the company’s stock, valued at $1,260,990.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by corporate insiders.

J. M. Smucker Price Performance

NYSE SJM opened at $123.73 on Thursday. The business’s fifty day moving average is $127.24 and its 200 day moving average is $123.20. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The company has a market capitalization of $13.14 billion, a PE ratio of -140.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.21.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 EPS. Sell-side analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Thursday, February 15th. J. M. Smucker’s dividend payout ratio (DPR) is -481.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SJM. DA Davidson started coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price target for the company. Wells Fargo & Company began coverage on J. M. Smucker in a research report on Tuesday, December 12th. They set an “overweight” rating and a $140.00 price objective on the stock. TD Cowen lifted their price objective on J. M. Smucker from $133.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Morgan Stanley restated an “equal weight” rating and set a $122.00 target price on shares of J. M. Smucker in a research note on Wednesday, December 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of J. M. Smucker from $125.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, December 6th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $137.20.

Check Out Our Latest Report on J. M. Smucker

J. M. Smucker Profile

(Free Report)

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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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