Sumitomo Mitsui Trust Holdings Inc. Raises Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 369,188 shares of the company’s stock after purchasing an additional 17,410 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.35% of J. M. Smucker worth $46,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SJM. Eagle Bay Advisors LLC bought a new position in J. M. Smucker during the 2nd quarter worth approximately $27,000. Clear Street Markets LLC lifted its holdings in J. M. Smucker by 97.2% during the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock worth $33,000 after buying an additional 104 shares during the last quarter. Sunbelt Securities Inc. bought a new position in J. M. Smucker during the 1st quarter worth approximately $33,000. Valley National Advisers Inc. lifted its holdings in J. M. Smucker by 2,266.7% during the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after buying an additional 272 shares during the last quarter. Finally, Resurgent Financial Advisors LLC bought a new position in J. M. Smucker during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SJM. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Barclays raised their price target on J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. DA Davidson started coverage on J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target on the stock. Citigroup cut their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Finally, TD Cowen cut their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $137.47.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $114.76 on Friday. The stock has a market cap of $12.19 billion, a PE ratio of -130.41, a price-to-earnings-growth ratio of 1.77 and a beta of 0.21. The business has a fifty day simple moving average of $121.08 and a 200-day simple moving average of $120.65. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 earnings per share. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $1.06 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.69%. J. M. Smucker’s payout ratio is -481.81%.

J. M. Smucker Profile

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.