Syon Capital LLC Acquires Shares of 2,521 The J. M. Smucker Company (NYSE:SJM)

Syon Capital LLC acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,521 shares of the company’s stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in shares of J. M. Smucker by 9.3% in the third quarter. Invesco Ltd. now owns 1,777,750 shares of the company’s stock valued at $218,503,000 after buying an additional 151,389 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of J. M. Smucker by 487.5% in the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after buying an additional 1,210,837 shares during the last quarter. Northern Trust Corp raised its holdings in shares of J. M. Smucker by 2.1% in the third quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock valued at $179,170,000 after buying an additional 29,728 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after buying an additional 999,315 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of J. M. Smucker by 6.5% in the third quarter. Tandem Investment Advisors Inc. now owns 659,904 shares of the company’s stock valued at $81,109,000 after buying an additional 40,308 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Down 1.4 %

NYSE:SJM opened at $113.60 on Friday. 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 current ratio of 0.78 and a quick ratio of 0.38. The stock has a market capitalization of $12.06 billion, a PE ratio of -129.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.21. The business’s 50-day simple moving average is $120.10 and its 200-day simple moving average is $120.65.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SJM shares. DA Davidson started coverage on J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target for the company. TD Cowen lowered their price objective on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Citigroup lowered their price objective on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $137.47.

Insider Activity

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