The J. M. Smucker Company $SJM Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,646 shares of the company’s stock after selling 6,990 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of J. M. Smucker worth $6,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. raised its holdings in shares of J. M. Smucker by 2.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 3,615 shares of the company’s stock valued at $393,000 after purchasing an additional 102 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of J. M. Smucker by 1.2% in the 3rd quarter. Wedbush Securities Inc. now owns 8,861 shares of the company’s stock valued at $962,000 after purchasing an additional 106 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of J. M. Smucker by 22.9% in the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $64,000 after purchasing an additional 109 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of J. M. Smucker by 4.2% in the 4th quarter. Diversify Advisory Services LLC now owns 2,815 shares of the company’s stock valued at $287,000 after purchasing an additional 113 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of J. M. Smucker by 5.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,437 shares of the company’s stock valued at $265,000 after purchasing an additional 118 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SJM has been the topic of a number of analyst reports. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a report on Thursday, April 9th. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a report on Friday, January 16th. TD Cowen reduced their price objective on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. BTIG Research assumed coverage on shares of J. M. Smucker in a report on Monday, April 13th. They set a “buy” rating and a $120.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $117.25.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $96.95 on Friday. The company’s fifty day moving average price is $100.73 and its 200 day moving average price is $102.39. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The firm has a market capitalization of $10.34 billion, a P/E ratio of -8.22, a P/E/G ratio of 4.21 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $2.61 EPS. J. M. Smucker’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.04 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, May 15th. J. M. Smucker’s payout ratio is presently -37.32%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.