E. Ohman J or Asset Management AB Buys Shares of 5,459 The J. M. Smucker Company (NYSE:SJM)

E. Ohman J or Asset Management AB bought a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,459 shares of the company's stock, valued at approximately $646,000.

A number of other large investors have also bought and sold shares of SJM. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of J. M. Smucker by 41.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,072 shares of the company's stock worth $1,999,000 after purchasing an additional 5,267 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in J. M. Smucker by 7.6% during the fourth quarter. State of Alaska Department of Revenue now owns 20,633 shares of the company's stock worth $2,272,000 after buying an additional 1,461 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of J. M. Smucker by 3.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock valued at $35,721,000 after buying an additional 11,339 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of J. M. Smucker by 2.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,340 shares of the company's stock valued at $1,249,000 after buying an additional 230 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in J. M. Smucker during the 4th quarter worth approximately $92,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Trading Up 0.8%

Shares of NYSE:SJM traded up $0.87 during trading on Monday, reaching $111.75. 2,042,693 shares of the company traded hands, compared to its average volume of 1,142,682. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 3.91 and a beta of 0.35. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The business's fifty day moving average is $113.88 and its 200-day moving average is $111.22. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $1.08 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.87%. J. M. Smucker's dividend payout ratio is -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, 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 transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of recent analyst reports. Barclays reduced their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Citigroup reduced their price objective on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Morgan Stanley increased their price target on shares of J. M. Smucker from $123.00 to $124.00 and gave the stock an "overweight" rating in a report on Friday. UBS Group lowered their price objective on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a research report on Friday. Finally, DA Davidson dropped their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and an average target price of $125.30.

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.