Mitsubishi UFJ Trust & Banking Corp Purchases 2,782 Shares of The J. M. Smucker Company (NYSE:SJM)

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,002 shares of the company’s stock after purchasing an additional 2,782 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of J. M. Smucker worth $15,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SJM. Daiwa Securities Group Inc. lifted its holdings in J. M. Smucker by 12.4% during the third quarter. Daiwa Securities Group Inc. now owns 13,034 shares of the company’s stock worth $1,578,000 after acquiring an additional 1,440 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of J. M. Smucker by 21.8% during the third quarter. The Manufacturers Life Insurance Company now owns 84,462 shares of the company’s stock worth $10,228,000 after purchasing an additional 15,092 shares during the period. FMR LLC lifted its holdings in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after purchasing an additional 958,142 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of J. M. Smucker by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 35,404 shares of the company’s stock valued at $4,288,000 after purchasing an additional 936 shares during the period. Finally, Townsquare Capital LLC increased its stake in J. M. Smucker by 14.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,358 shares of the company’s stock worth $286,000 after purchasing an additional 298 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Down 0.5 %

NYSE:SJM opened at $116.13 on Friday. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.75. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $108.21 and its two-hundred day moving average price is $112.25.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson cut their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Barclays decreased their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average price target of $125.67.

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.