Aurdan Capital Management LLC Invests $595,000 in The J. M. Smucker Company (NYSE:SJM)

Aurdan Capital Management LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,400 shares of the company’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SJM. Utah Retirement Systems increased its position in shares of J. M. Smucker by 0.6% in the fourth quarter. Utah Retirement Systems now owns 17,146 shares of the company’s stock worth $1,888,000 after purchasing an additional 100 shares during the last quarter. Wallace Capital Management Inc. increased its holdings in shares of J. M. Smucker by 4.9% in the 4th quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company’s stock worth $235,000 after buying an additional 100 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of J. M. Smucker by 6.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after buying an additional 115 shares during the last quarter. Mendel Money Management raised its position in shares of J. M. Smucker by 3.1% during the 4th quarter. Mendel Money Management now owns 3,933 shares of the company’s stock valued at $433,000 after buying an additional 117 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in shares of J. M. Smucker by 15.0% during the 4th quarter. GeoWealth Management LLC now owns 967 shares of the company’s stock worth $106,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the subject of several research analyst reports. Morgan Stanley initiated coverage on J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price target for the company. Citigroup decreased their price objective on J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, May 19th. UBS Group initiated coverage on J. M. Smucker in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $134.00 target price for the company. DA Davidson decreased their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Wall Street Zen upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average target price of $125.70.

J. M. Smucker Stock Performance

NYSE:SJM opened at $112.69 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42. The business has a 50 day moving average price of $114.19 and a 200-day moving average price of $111.23. The firm has a market cap of $11.99 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36.

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

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, May 16th. J. M. Smucker’s payout ratio is -179.25%.

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.