The J. M. Smucker Company (NYSE:SJM) Stake Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 41.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,072 shares of the company's stock after purchasing an additional 5,267 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in J. M. Smucker were worth $1,999,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Columbus Macro LLC acquired a new position in J. M. Smucker in the fourth quarter worth about $259,000. Conestoga Capital Advisors LLC boosted its stake in J. M. Smucker by 6.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock valued at $203,000 after acquiring an additional 115 shares during the period. Resonant Capital Advisors LLC boosted its stake in J. M. Smucker by 1.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 13,369 shares of the company's stock valued at $1,472,000 after acquiring an additional 200 shares during the period. S.A. Mason LLC boosted its stake in J. M. Smucker by 4.4% in the fourth quarter. S.A. Mason LLC now owns 3,699 shares of the company's stock valued at $407,000 after acquiring an additional 155 shares during the period. Finally, Greenleaf Trust boosted its stake in J. M. Smucker by 31.3% in the fourth quarter. Greenleaf Trust now owns 7,960 shares of the company's stock valued at $877,000 after acquiring an additional 1,897 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of NYSE SJM traded down $3.10 during trading on Friday, hitting $102.07. The company had a trading volume of 1,135,386 shares, compared to its average volume of 1,013,960. The company has a market cap of $10.86 billion, a P/E ratio of 20.66, a PEG ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $127.59. The business's 50-day moving average is $107.27 and its 200 day moving average is $114.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm's revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.59 earnings per share. Equities research analysts predict 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. Shareholders of record on Friday, February 14th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. J. M. Smucker's dividend payout ratio is currently 87.45%.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares in the company, 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 at this link. Corporate insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

SJM has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on 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. Wells Fargo & Company lifted their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Barclays cut their price target 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and an average price target of $126.78.

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.