The J. M. Smucker Company (NYSE:SJM) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,717 shares of the company’s stock after buying an additional 13,169 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of J. M. Smucker worth $21,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SJM. Campbell & CO Investment Adviser LLC acquired a new stake in J. M. Smucker in the 3rd quarter valued at about $464,000. Citigroup Inc. lifted its position in J. M. Smucker by 15.1% during the third quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock worth $34,103,000 after buying an additional 36,296 shares in the last quarter. Ardevora Asset Management LLP purchased a new position in J. M. Smucker during the fourth quarter worth approximately $11,147,000. Vest Financial LLC boosted its stake in J. M. Smucker by 58.3% during the fourth quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock worth $30,085,000 after buying an additional 87,682 shares during the last quarter. Finally, Comerica Bank purchased a new stake in J. M. Smucker in the 3rd quarter valued at $5,522,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SJM has been the topic of several recent research reports. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Wednesday, February 28th. Barclays raised their price target on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. upped their price objective on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, TD Cowen decreased their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $137.47.

Insider Buying and Selling

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

J. M. Smucker Trading Up 2.1 %

Shares of SJM stock opened at $115.68 on Friday. The stock has a market capitalization of $12.28 billion, a P/E ratio of -131.45, a price-to-earnings-growth ratio of 1.71 and a beta of 0.23. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $156.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The company has a 50 day moving average price of $117.67 and a 200 day moving average price of $120.68.

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

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio is presently -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.