UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 774,163 shares of the company's stock after selling 3,700 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of J. M. Smucker worth $85,251,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its position 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. Nisa Investment Advisors LLC increased its holdings in J. M. Smucker by 88.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,465 shares of the company's stock valued at $1,263,000 after acquiring an additional 5,395 shares in the last quarter. SG Americas Securities LLC grew its position in shares of J. M. Smucker by 285.4% in the fourth quarter. SG Americas Securities LLC now owns 25,304 shares of the company's stock valued at $2,786,000 after purchasing an additional 18,739 shares during the last quarter. Blue Trust Inc. increased its stake in shares of J. M. Smucker by 26.2% during the 4th quarter. Blue Trust Inc. now owns 1,302 shares of the company's stock worth $158,000 after purchasing an additional 270 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in J. M. Smucker by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 15,253 shares of the company's stock valued at $1,680,000 after acquiring an additional 3,550 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
J. M. Smucker Stock Up 1.4%
Shares of NYSE:SJM traded up $1.56 during mid-day trading on Thursday, hitting $112.51. 815,726 shares of the company traded hands, compared to its average volume of 1,164,290. The firm's 50 day simple moving average is $114.36 and its 200 day simple moving average is $111.20. The firm has a market cap of $11.97 billion, a P/E ratio of 22.77, a PEG ratio of 3.91 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42.
J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.
J. M. Smucker Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued a $1.08 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.84%. J. M. Smucker's dividend payout ratio is currently -179.25%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on SJM shares. UBS Group began coverage on J. M. Smucker in a report on Wednesday, April 23rd. They set a "buy" rating and a $134.00 price objective on the stock. 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 shares of 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. Jefferies Financial Group reiterated a "hold" rating on shares of J. M. Smucker in a report on Wednesday. Finally, Morgan Stanley started coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $125.70.
View Our Latest Stock Analysis on SJM
Insider Buying and Selling at J. M. Smucker
In other news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker 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 completion of the sale, the insider now owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This trade represents a 36.78% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
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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