Lecap Asset Management Ltd. Makes New $1.42 Million Investment in The J. M. Smucker Company (NYSE:SJM)

Lecap Asset Management Ltd. purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, HoldingsChannel reports. The fund purchased 12,853 shares of the company’s stock, valued at approximately $1,415,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in J. M. Smucker during the fourth quarter worth about $92,000. Global X Japan Co. Ltd. boosted its position in shares of J. M. Smucker by 23.0% during the 4th quarter. Global X Japan Co. Ltd. now owns 4,445 shares of the company’s stock valued at $489,000 after purchasing an additional 832 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of J. M. Smucker by 2.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,340 shares of the company’s stock worth $1,249,000 after purchasing an additional 230 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of J. M. Smucker by 3.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after purchasing an additional 11,339 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in J. M. Smucker by 7.6% during the fourth quarter. State of Alaska Department of Revenue now owns 20,633 shares of the company’s stock valued at $2,272,000 after purchasing an additional 1,461 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of several recent research reports. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Barclays reduced their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $126.78.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Up 0.1 %

Shares of J. M. Smucker stock opened at $103.27 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 1 year low of $99.81 and a 1 year high of $133.23. The stock has a 50-day moving average price of $108.61 and a 200 day moving average price of $114.46. The company has a market cap of $10.99 billion, a P/E ratio of 20.90, a P/E/G ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted $2.59 earnings per share. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

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.