The J. M. Smucker Company (NYSE:SJM) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,883 shares of the company’s stock after selling 152 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in J. M. Smucker were worth $1,502,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SJM. Valley National Advisers Inc. lifted its holdings in shares of J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after purchasing an additional 272 shares in the last quarter. Lindbrook Capital LLC increased its stake in J. M. Smucker by 77.1% during the 4th quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after buying an additional 178 shares during the period. Planned Solutions Inc. purchased a new stake in J. M. Smucker during the 4th quarter worth $59,000. Oliver Lagore Vanvalin Investment Group grew its holdings in J. M. Smucker by 23.2% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in J. M. Smucker by 171.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 535 shares of the company’s stock worth $66,000 after acquiring an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SJM. Citigroup decreased their price target on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. DA Davidson began coverage on shares of J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. TD Cowen reduced their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, Barclays boosted their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $137.47.

J. M. Smucker Stock Up 0.7 %

NYSE SJM opened at $118.55 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The company’s 50 day simple moving average is $120.63 and its 200 day simple moving average is $120.68. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92. The company has a market capitalization of $12.59 billion, a P/E ratio of -134.71, a PEG ratio of 1.88 and a beta of 0.21.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm earned $2.21 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts expect that The J. M. Smucker Company will post 9.6 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 3rd. Investors of record on Friday, May 17th will be issued a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.58%. J. M. Smucker’s payout ratio is currently -481.81%.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now directly 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 accessible through this hyperlink. 3.50% of the stock is currently owned by insiders.

About J. M. Smucker

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.