Quadrant Capital Group LLC Has $116,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Quadrant Capital Group LLC lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,053 shares of the company’s stock after selling 432 shares during the quarter. Quadrant Capital Group LLC’s holdings in J. M. Smucker were worth $116,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SJM. Capital Advisors Ltd. LLC grew its holdings 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 valued at $25,000 after buying an additional 151 shares during the period. Kentucky Trust Co bought a new position in J. M. Smucker during the fourth quarter worth about $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the fourth quarter valued at about $33,000. Hantz Financial Services Inc. bought a new stake in shares of J. M. Smucker in the fourth quarter worth about $39,000. Finally, Sandy Spring Bank raised its position 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 worth $47,000 after purchasing an additional 396 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SJM shares. Barclays decreased their price objective on 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. DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley initiated coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price target for the company. Stifel Nicolaus cut their price objective on shares of 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, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.67.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Stock Performance

SJM opened at $115.18 on Thursday. 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 stock has a market cap of $12.26 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.42. The business has a 50 day moving average of $110.30 and a 200-day moving average of $111.96.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) 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.