UniSuper Management Pty Ltd raised its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,059 shares of the company's stock after buying an additional 3,408 shares during the period. UniSuper Management Pty Ltd's holdings in J. M. Smucker were worth $1,989,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Elo Mutual Pension Insurance Co bought a new stake in J. M. Smucker in the 4th quarter worth approximately $1,247,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of J. M. Smucker by 6.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 211,731 shares of the company's stock valued at $23,614,000 after purchasing an additional 11,952 shares in the last quarter. Mendel Money Management grew its holdings in shares of J. M. Smucker by 3.1% during the 4th quarter. Mendel Money Management now owns 3,933 shares of the company's stock valued at $433,000 after purchasing an additional 117 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in J. M. Smucker by 2.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 143,002 shares of the company's stock worth $15,747,000 after purchasing an additional 2,782 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in J. M. Smucker by 2.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 87,501 shares of the company's stock worth $9,636,000 after purchasing an additional 1,990 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.
J. M. Smucker Trading Down 0.0 %
Shares of NYSE:SJM traded down $0.00 on Tuesday, hitting $118.41. The company had a trading volume of 1,147,064 shares, compared to its average volume of 1,176,619. The firm's 50-day simple moving average is $108.84 and its two-hundred day simple moving average is $112.15. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 23.97, a P/E/G 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 J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42.
J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. Equities analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.
J. M. Smucker Dividend Announcement
The company also recently disclosed 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 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio is currently -179.25%.
Insider Activity
In other news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the company'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 value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SJM. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday. Barclays decreased their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus decreased their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Finally, Morgan Stanley started coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price target for the company. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $125.67.
View Our Latest Report on SJM
J. M. Smucker Company Profile
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Free Report)
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.
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