Global X Japan Co. Ltd. Purchases 418 Shares of The J. M. Smucker Company (NYSE:SJM)

Global X Japan Co. Ltd. lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,605 shares of the company’s stock after buying an additional 418 shares during the period. Global X Japan Co. Ltd.’s holdings in J. M. Smucker were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SJM. Fisher Asset Management LLC bought a new position in J. M. Smucker in the 4th quarter valued at $205,000. Apollon Wealth Management LLC bought a new position in J. M. Smucker during the fourth quarter valued at about $237,000. Principal Securities Inc. bought a new position in J. M. Smucker during the fourth quarter valued at about $43,000. BNP Paribas Financial Markets increased its holdings in J. M. Smucker by 11.7% during the fourth quarter. BNP Paribas Financial Markets now owns 125,769 shares of the company’s stock worth $15,895,000 after buying an additional 13,202 shares during the last quarter. Finally, AGF Management Ltd. raised its position in J. M. Smucker by 17.9% in the fourth quarter. AGF Management Ltd. now owns 25,546 shares of the company’s stock worth $3,229,000 after acquiring an additional 3,878 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Down 0.1 %

J. M. Smucker stock opened at $120.18 on Tuesday. The stock has a market cap of $12.79 billion, a P/E ratio of 16.88, a PEG ratio of 3.19 and a beta of 0.24. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The firm’s fifty day moving average price is $117.24 and its 200-day moving average price is $116.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 EPS. Equities research analysts forecast that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s payout ratio is currently 60.67%.

Insider Transactions at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

SJM has been the subject of several research analyst reports. Citigroup decreased their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company lowered their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Bank of America dropped their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Argus decreased their price objective on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.25.

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.