The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in The J. M. Smucker Company (NYSE:SJM) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,869 shares of the company’s stock after purchasing an additional 1,232 shares during the period. Daiwa Securities Group Inc.’s holdings in J. M. Smucker were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tyche Wealth Partners LLC acquired a new stake in shares of J. M. Smucker in the 4th quarter worth $230,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in J. M. Smucker by 108.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 152,223 shares of the company’s stock worth $19,238,000 after purchasing an additional 79,181 shares during the last quarter. Desjardins Global Asset Management Inc. raised its stake in J. M. Smucker by 1.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 14,066 shares of the company’s stock worth $1,777,000 after purchasing an additional 153 shares during the period. SVB Wealth LLC boosted its holdings in J. M. Smucker by 25.3% in the 4th quarter. SVB Wealth LLC now owns 2,485 shares of the company’s stock valued at $314,000 after purchasing an additional 502 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of J. M. Smucker by 14.3% in the 4th quarter. Mackenzie Financial Corp now owns 93,111 shares of the company’s stock valued at $11,767,000 after buying an additional 11,618 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 0.2 %

NYSE:SJM opened at $117.72 on Wednesday. The stock has a 50-day simple moving average of $120.63 and a 200-day simple moving average of $120.68. 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 stock has a market cap of $12.50 billion, a P/E ratio of -133.77, a P/E/G ratio of 1.87 and a beta of 0.21. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.21. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. J. M. Smucker’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.21 earnings per share. As a group, analysts anticipate that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.60%. J. M. Smucker’s dividend payout ratio is presently -481.81%.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on 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 accessible through this link. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Wednesday, February 28th. Citigroup lowered their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. TD Cowen reduced their price objective on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Barclays increased their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Finally, DA Davidson initiated coverage on shares of J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $137.47.

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.