Quantinno Capital Management LP Has $6.64 Million Stake in The J. M. Smucker Company $SJM

Quantinno Capital Management LP increased its position in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 42.0% during the first quarter, HoldingsChannel reports. The fund owned 68,902 shares of the company’s stock after buying an additional 20,379 shares during the quarter. Quantinno Capital Management LP’s holdings in J. M. Smucker were worth $6,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,763 shares during the last quarter. United Services Automobile Association bought a new position in J. M. Smucker in the 1st quarter valued at approximately $253,000. Empowered Funds LLC boosted its position in J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares during the period. Woodline Partners LP boosted its position in J. M. Smucker by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after buying an additional 2,600 shares during the period. Finally, American Century Companies Inc. grew its holdings in J. M. Smucker by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock worth $217,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 4,353 shares of J. M. Smucker stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $115.08, for a total value of $500,943.24. Following the completion of the transaction, the insider directly owned 16,835 shares of the company’s stock, valued at approximately $1,937,371.80. This trade represents a 20.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at $4,297,523.95. This represents a 8.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,533 shares of company stock worth $2,132,914. Company insiders own 2.80% of the company’s stock.

J. M. Smucker Stock Performance

NYSE:SJM opened at $119.26 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $127.64. The company has a 50 day simple moving average of $112.83 and a two-hundred day simple moving average of $105.97. The company has a market capitalization of $12.72 billion, a PE ratio of -91.74, a P/E/G ratio of 1.66 and a beta of 0.25.

J. M. Smucker (NYSE:SJMGet Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company earned $2.31 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Research analysts anticipate that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, August 14th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio (DPR) is -344.62%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company set a $115.00 price target on shares of J. M. Smucker in a research report on Wednesday, June 10th. TD Cowen boosted their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. increased their price objective on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley raised their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $121.67.

Read Our Latest Report on J. M. Smucker

J. M. Smucker Profile

(Free Report)

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.

See Also

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The J. M. Smucker Company (NYSE:SJMFree Report).

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

Receive News & Ratings for J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.