Lindbrook Capital LLC Raises Stake in The J. M. Smucker Company (NYSE:SJM)

Lindbrook Capital LLC boosted its position in The J. M. Smucker Company (NYSE:SJM) by 42.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 554 shares of the company’s stock after purchasing an additional 166 shares during the period. Lindbrook Capital LLC’s holdings in J. M. Smucker were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after buying an additional 762,746 shares in the last quarter. FMR LLC boosted its stake in J. M. Smucker by 40.0% in the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after buying an additional 958,142 shares in the last quarter. Nordea Investment Management AB boosted its stake in J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after buying an additional 192,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of J. M. Smucker by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company’s stock valued at $110,455,000 after purchasing an additional 12,410 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of J. M. Smucker by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company’s stock valued at $107,677,000 after purchasing an additional 118,240 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $117.29 on Friday. The stock has a fifty day moving average of $106.28 and a 200 day moving average of $112.87. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.59. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.91 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. As a group, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.68%. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SJM. Wells Fargo & Company increased their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Barclays dropped their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Stifel Nicolaus dropped their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Finally, TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.13.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.

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.