Los Angeles Capital Management LLC Sells 14,083 Shares of The J. M. Smucker Company (NYSE:SJM)

Los Angeles Capital Management LLC lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 18.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,849 shares of the company’s stock after selling 14,083 shares during the period. Los Angeles Capital Management LLC owned about 0.06% of J. M. Smucker worth $7,911,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of J. M. Smucker by 298.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock worth $2,562,000 after purchasing an additional 15,182 shares during the period. Citigroup Inc. lifted its position in shares of J. M. Smucker by 15.1% during the 3rd quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock valued at $34,103,000 after buying an additional 36,296 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of J. M. Smucker by 5.5% during the 4th quarter. California State Teachers Retirement System now owns 170,552 shares of the company’s stock worth $21,554,000 after acquiring an additional 8,960 shares during the period. Ardevora Asset Management LLP bought a new position in shares of J. M. Smucker during the 4th quarter worth $11,147,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in J. M. Smucker in the 4th quarter worth about $14,198,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

SJM has been the topic of several recent research reports. TD Cowen dropped their price objective on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Argus cut their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Citigroup raised their price target on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $132.64.

J. M. Smucker Price Performance

SJM stock opened at $112.35 on Thursday. The firm has a 50 day simple moving average of $112.73 and a two-hundred day simple moving average of $120.78. The stock has a market cap of $11.93 billion, a PE ratio of 15.78, a P/E/G ratio of 2.25 and a beta of 0.23. The J. M. Smucker Company has a one year low of $106.32 and a one year high of $153.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm posted $2.64 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $1.06 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.77%. J. M. Smucker’s payout ratio is 59.55%.

J. M. Smucker Company 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.