Pegasus Partners Ltd. purchased a new position in J M Smucker Co (NYSE:SJM) in the fourth quarter, Holdings Channel reports. The fund purchased 41,325 shares of the company’s stock, valued at approximately $5,134,000. J M Smucker makes up about 1.1% of Pegasus Partners Ltd.’s portfolio, making the stock its 18th biggest holding.

Several other large investors also recently modified their holdings of the stock. Greenwich Wealth Management LLC increased its stake in shares of J M Smucker by 9.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 5,419 shares of the company’s stock worth $673,000 after buying an additional 487 shares during the last quarter. Ffcm LLC increased its stake in shares of J M Smucker by 24.7% in the fourth quarter. Ffcm LLC now owns 4,586 shares of the company’s stock worth $570,000 after buying an additional 907 shares during the last quarter. IBM Retirement Fund bought a new stake in shares of J M Smucker in the fourth quarter worth $207,000. Polaris Capital Management LLC increased its stake in shares of J M Smucker by 6.7% in the fourth quarter. Polaris Capital Management LLC now owns 285,104 shares of the company’s stock worth $35,421,000 after buying an additional 18,000 shares during the last quarter. Finally, Trilogy Capital Inc. bought a new stake in shares of J M Smucker in the fourth quarter worth $488,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

In other news, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is currently owned by corporate insiders.

SJM has been the subject of a number of research analyst reports. Wells Fargo & Co set a $128.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research note on Thursday, January 4th. Susquehanna Bancshares set a $141.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research note on Friday, December 8th. Morgan Stanley set a $112.00 price target on shares of J M Smucker and gave the stock a “sell” rating in a research note on Friday, November 17th. Jefferies Group set a $135.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research note on Saturday, November 18th. Finally, Credit Suisse Group set a $110.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research note on Friday, November 17th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. J M Smucker has a consensus rating of “Hold” and an average price target of $127.58.

J M Smucker Co (NYSE SJM) opened at $119.40 on Tuesday. The company has a market cap of $13,577.19, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.03 and a beta of 0.65. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. J M Smucker Co has a 1-year low of $99.57 and a 1-year high of $143.68.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. equities analysts forecast that J M Smucker Co will post 7.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, February 8th. J M Smucker’s dividend payout ratio is presently 63.03%.

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J M Smucker Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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