Sumitomo Mitsui Trust Group Inc. Buys 11,339 Shares of The J. M. Smucker Company (NYSE:SJM)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,381 shares of the company's stock after purchasing an additional 11,339 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.30% of J. M. Smucker worth $35,721,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SJM. State Street Corp grew its holdings in J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after purchasing an additional 762,746 shares in the last quarter. FMR LLC boosted its position in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after buying an additional 958,142 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock valued at $150,082,000 after acquiring an additional 192,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of J. M. Smucker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company's stock worth $119,966,000 after acquiring an additional 13,276 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of J. M. Smucker by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock worth $85,251,000 after acquiring an additional 31,745 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SJM. Barclays dropped their price objective on J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Finally, TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their target price 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, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $126.78.

J. M. Smucker Price Performance

NYSE:SJM traded down $3.10 during mid-day trading on Friday, reaching $102.07. 1,135,386 shares of the stock were exchanged, compared to its average volume of 913,482. The business has a fifty day moving average price of $107.27 and a 200 day moving average price of $113.97. The firm has a market capitalization of $10.86 billion, a PE ratio of 20.66, a PEG ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a 1-year low of $99.81 and a 1-year high of $127.59. 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 released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) 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 analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.59 earnings per share. Research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 4.23%. J. M. Smucker's dividend payout ratio is currently 87.45%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company's stock, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

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.