The J. M. Smucker Company (NYSE:SJM) Stock Holdings Lowered by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,246 shares of the company's stock after selling 21,528 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in J. M. Smucker were worth $2,811,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kinneret Advisory LLC boosted its stake in shares of J. M. Smucker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 3,302 shares of the company's stock worth $447,000 after buying an additional 74 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of J. M. Smucker by 3.7% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 2,382 shares of the company's stock valued at $375,000 after purchasing an additional 86 shares during the last quarter. Williams Jones Wealth Management LLC. increased its holdings in shares of J. M. Smucker by 1.0% in the first quarter. Williams Jones Wealth Management LLC. now owns 8,327 shares of the company's stock valued at $1,310,000 after purchasing an additional 86 shares during the period. Shell Asset Management Co. increased its holdings in shares of J. M. Smucker by 4.4% in the third quarter. Shell Asset Management Co. now owns 2,183 shares of the company's stock valued at $268,000 after purchasing an additional 93 shares during the period. Finally, Gallagher Fiduciary Advisors LLC raised its stake in shares of J. M. Smucker by 2.0% during the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company's stock worth $595,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SJM shares. Stifel Nicolaus raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price objective on the stock in a research note on Wednesday, February 28th. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, April 8th. Barclays lifted their price objective on J. M. Smucker from $129.00 to $132.00 and gave the company an "equal weight" rating in a report on Thursday, February 29th. Citigroup cut their target price on J. M. Smucker from $153.00 to $152.00 and set a "buy" rating for the company in a research note on Wednesday, February 28th. Finally, DA Davidson started coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a "neutral" rating and a $132.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $137.47.

J. M. Smucker Price Performance

NYSE SJM traded up $1.30 during trading hours on Thursday, reaching $111.10. The company's stock had a trading volume of 1,179,627 shares, compared to its average volume of 1,269,706. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The company's 50-day moving average is $121.74 and its two-hundred day moving average is $120.76. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The stock has a market cap of $11.80 billion, a PE ratio of -126.25, a PEG ratio of 1.76 and a beta of 0.21.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period last year, the company posted $2.21 EPS. The company's revenue was up .6% on a year-over-year basis. Analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.82%. J. M. Smucker's payout ratio is currently -481.81%.

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.