Sumitomo Mitsui DS Asset Management Company Ltd Acquires 230 Shares of The J. M. Smucker Company (NYSE:SJM)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in The J. M. Smucker Company (NYSE:SJM) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,340 shares of the company’s stock after buying an additional 230 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in J. M. Smucker were worth $1,249,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares during the period. Kieckhefer Group LLC bought a new position in J. M. Smucker during the 4th quarter worth about $33,000. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at about $39,000. Hantz Financial Services Inc. bought a new stake in shares of J. M. Smucker in the fourth quarter valued at about $39,000. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker during the third quarter worth about $40,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Barclays cut their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $126.78.

J. M. Smucker Stock Performance

Shares of SJM opened at $104.38 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm has a 50-day moving average of $108.02 and a 200-day moving average of $114.25. The company has a market cap of $11.11 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a one year low of $99.81 and a one year high of $130.79.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 earnings per share. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio is 87.45%.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.

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.