The J. M. Smucker Company (NYSE:SJM) Shares Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 13.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 44,209 shares of the company’s stock after acquiring an additional 5,363 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in J. M. Smucker were worth $4,868,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. State Street Corp lifted its position in J. M. Smucker by 12.0% during the third 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. FMR LLC lifted its holdings 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 worth $406,169,000 after acquiring an additional 958,142 shares during the period. Nordea Investment Management AB boosted its position in shares of J. M. Smucker by 16.5% in 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of J. M. Smucker by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock worth $119,966,000 after acquiring an additional 13,276 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in J. M. Smucker by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company’s stock valued at $85,251,000 after purchasing an additional 31,745 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Up 2.5 %

Shares of NYSE SJM opened at $110.02 on Friday. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 3.91 and a beta of 0.27. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. 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 stock’s 50-day simple moving average is $106.26 and its 200-day simple moving average is $113.47.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the firm posted $2.59 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. As a group, 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. Investors of record on Friday, February 14th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $126.78.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

About J. M. Smucker

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.