8,000 Shares in The J. M. Smucker Company $SJM Bought by SBI Okasan Asset Management Co.Ltd.

SBI Okasan Asset Management Co.Ltd. bought a new position in The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,000 shares of the company’s stock, valued at approximately $794,000.

A number of other large investors also recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings in shares of J. M. Smucker by 2.1% in the 4th quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock worth $455,000 after purchasing an additional 97 shares in the last quarter. Delta Asset Management LLC TN lifted its holdings in shares of J. M. Smucker by 7.8% in the 4th quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after purchasing an additional 100 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of J. M. Smucker by 2.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 3,615 shares of the company’s stock worth $393,000 after purchasing an additional 102 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of J. M. Smucker by 1.2% in the 3rd quarter. Wedbush Securities Inc. now owns 8,861 shares of the company’s stock worth $962,000 after purchasing an additional 106 shares in the last quarter. Finally, IFP Advisors Inc raised its position in J. M. Smucker by 22.9% in the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $64,000 after buying an additional 109 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SJM has been the subject of a number of analyst reports. BTIG Research initiated coverage on J. M. Smucker in a research report on Monday, April 13th. They issued a “buy” rating and a $120.00 price target for the company. Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, February 23rd. TD Cowen lowered their price target on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. Evercore initiated coverage on J. M. Smucker in a research report on Friday, May 15th. They issued an “outperform” rating and a $117.00 price target for the company. Finally, Morgan Stanley lowered their price target on J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $116.35.

J. M. Smucker Trading Down 0.9%

Shares of J. M. Smucker stock opened at $103.31 on Friday. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39. The firm has a market cap of $11.02 billion, a PE ratio of -8.76, a P/E/G ratio of 7.04 and a beta of 0.25. The stock has a fifty day moving average price of $97.56 and a 200-day moving average price of $102.01. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm posted $2.61 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that The J. M. Smucker Company will post 9.03 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is -37.32%.

J. M. Smucker Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.