Nomura Asset Management Co. Ltd. Buys 32,163 Shares of The J. M. Smucker Company (NYSE:SJM)

Nomura Asset Management Co. Ltd. raised its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,322 shares of the company's stock after purchasing an additional 32,163 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.35% of J. M. Smucker worth $40,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Capital Advisors Ltd. LLC boosted its position in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of J. M. Smucker in the 4th quarter worth approximately $28,000. Kieckhefer Group LLC acquired a new stake in J. M. Smucker during the 4th quarter valued at $33,000. Hantz Financial Services Inc. bought a new position in J. M. Smucker in the 4th quarter valued at $39,000. Finally, Sandy Spring Bank boosted its stake in J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after purchasing an additional 396 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SJM. Barclays lowered their price target on shares of 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. Morgan Stanley started coverage on J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price target on the stock. DA Davidson decreased 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. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Finally, TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $125.67.

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Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

J. M. Smucker Stock Performance

NYSE:SJM traded down $0.28 on Wednesday, hitting $118.25. The company's stock had a trading volume of 286,591 shares, compared to its average volume of 1,258,667. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.42. The firm has a market capitalization of $12.58 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The stock has a fifty day moving average of $108.84 and a two-hundred day moving average of $112.15. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Research analysts predict 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 was paid on Monday, March 3rd. Investors 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 3.65%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker's dividend payout ratio is -179.25%.

J. M. Smucker Company 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.