National Pension Service Purchases 10,390 Shares of The J. M. Smucker Company $SJM

National Pension Service grew its position in The J. M. Smucker Company (NYSE:SJM) by 148.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,397 shares of the company’s stock after acquiring an additional 10,390 shares during the period. National Pension Service’s holdings in J. M. Smucker were worth $1,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of J. M. Smucker by 10.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after purchasing an additional 1,763 shares during the last quarter. United Services Automobile Association bought a new stake in shares of J. M. Smucker during the 1st quarter valued at approximately $253,000. Empowered Funds LLC grew its holdings in shares of J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares during the last quarter. Woodline Partners LP grew its holdings in shares of J. M. Smucker by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after purchasing an additional 2,600 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of J. M. Smucker by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

NYSE SJM opened at $100.62 on Tuesday. The company has a market capitalization of $10.73 billion, a PE ratio of -8.53, a price-to-earnings-growth ratio of 6.97 and a beta of 0.25. 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 company has a 50-day simple moving average of $97.57 and a 200 day simple moving average of $101.92. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -37.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SJM. Barclays decreased their price target on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Bank of America raised shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Monday, February 23rd. Morgan Stanley decreased their price target on shares of J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. BTIG Research began coverage on shares of J. M. Smucker in a report on Monday, April 13th. They set a “buy” rating and a $120.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $116.35.

About J. M. Smucker

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.