Inceptionr LLC Purchases New Stake in The J. M. Smucker Company (NYSE:SJM)

Inceptionr LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,045 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC raised its position in shares of J. M. Smucker by 300.0% during the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Advantage Trust Co acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. increased its position in J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after buying an additional 272 shares during the period. Principal Securities Inc. acquired a new stake in J. M. Smucker in the fourth quarter worth $43,000. Finally, Lindbrook Capital LLC increased its position in J. M. Smucker by 77.1% in the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after buying an additional 178 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

SJM stock traded up $0.01 during trading hours on Friday, hitting $115.69. 165,784 shares of the stock traded hands, compared to its average volume of 1,235,002. The stock has a 50-day simple moving average of $117.67 and a 200 day simple moving average of $120.68. The J. M. Smucker Company has a one year low of $107.33 and a one year high of $156.03. The company has a market cap of $12.28 billion, a P/E ratio of -131.57, a P/E/G ratio of 1.71 and a beta of 0.23. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results 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 business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. J. M. Smucker’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $2.21 EPS. Equities analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.66%. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Insider Buying and Selling

In related news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SJM shares. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Stifel Nicolaus raised J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, February 28th. TD Cowen dropped their target price on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Citigroup dropped their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Finally, DA Davidson began coverage on J. M. Smucker in a report on Friday, March 1st. They set a “neutral” rating and a $132.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $137.47.

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.