Semanteon Capital Management LP Invests $641,000 in The J. M. Smucker Company (NYSE:SJM)

Semanteon Capital Management LP bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,824 shares of the company’s stock, valued at approximately $641,000.

A number of other institutional investors and hedge funds have also modified their holdings of SJM. Oppenheimer & Co. Inc. purchased a new position in shares of J. M. Smucker during the third quarter valued at $207,000. Empowered Funds LLC grew its stake in J. M. Smucker by 381.3% in the third quarter. Empowered Funds LLC now owns 9,237 shares of the company’s stock valued at $1,119,000 after purchasing an additional 7,318 shares in the last quarter. Natixis Advisors LLC grew its stake in J. M. Smucker by 12.5% in the third quarter. Natixis Advisors LLC now owns 15,520 shares of the company’s stock valued at $1,879,000 after purchasing an additional 1,724 shares in the last quarter. Pathstone Holdings LLC grew its stake in J. M. Smucker by 1.5% in the third quarter. Pathstone Holdings LLC now owns 15,369 shares of the company’s stock valued at $1,861,000 after purchasing an additional 233 shares in the last quarter. Finally, Caprock Group LLC grew its stake in J. M. Smucker by 37.2% in the third quarter. Caprock Group LLC now owns 5,397 shares of the company’s stock valued at $654,000 after purchasing an additional 1,463 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SJM shares. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. DA Davidson reduced their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, Barclays reduced their price target 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average target price of $126.00.

J. M. Smucker Stock Performance

SJM stock opened at $109.78 on Friday. The business’s fifty day moving average is $107.00 and its 200-day moving average is $112.46. 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 company has a market cap of $11.68 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.15.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Equities research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.94%. J. M. Smucker’s dividend payout ratio (DPR) is presently -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.