Nomura Asset Management Co. Ltd. Sells 8,861 Shares of The J. M. Smucker Company $SJM

Nomura Asset Management Co. Ltd. trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,622 shares of the company’s stock after selling 8,861 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.36% of J. M. Smucker worth $37,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $27,000. MUFG Securities EMEA plc purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $31,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $32,000. Rothschild Investment LLC raised its holdings in shares of J. M. Smucker by 100.4% during the 3rd quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock worth $62,000 after acquiring an additional 284 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of J. M. Smucker by 22.9% during the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after acquiring an additional 109 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

NYSE SJM opened at $103.31 on Monday. The company has a market cap of $11.02 billion, a P/E ratio of -8.76, a P/E/G ratio of 6.97 and a beta of 0.27. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The business’s 50 day moving average price is $97.56 and its 200-day moving average price is $101.98. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, February 26th. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company posted $2.61 EPS. J. M. Smucker’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that The J. M. Smucker Company will post 9.03 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $1.10 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Sanford C. Bernstein decreased their price objective on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Wall Street Zen cut J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Evercore assumed coverage on J. M. Smucker in a report on Friday, May 15th. They set an “outperform” rating and a $117.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Monday, April 20th. Finally, TD Cowen decreased their price objective on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $116.35.

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.