SBI Okasan Asset Management Co.Ltd. Makes New Investment in The J. M. Smucker Company $SJM

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,000 shares of the company’s stock, valued at approximately $794,000.

Several other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in J. M. Smucker by 1.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,603 shares of the company’s stock worth $744,000 after acquiring an additional 142 shares in the last quarter. Moors & Cabot Inc. raised its stake in J. M. Smucker by 2.0% during the fourth quarter. Moors & Cabot Inc. now owns 9,147 shares of the company’s stock worth $895,000 after acquiring an additional 180 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $204,000. Flputnam Investment Management Co. increased its stake in shares of J. M. Smucker by 3.0% in the fourth quarter. Flputnam Investment Management Co. now owns 14,761 shares of the company’s stock valued at $1,444,000 after buying an additional 432 shares during the period. Finally, Studio Investment Management LLC increased its stake in shares of J. M. Smucker by 14.4% in the fourth quarter. Studio Investment Management LLC now owns 8,998 shares of the company’s stock valued at $880,000 after buying an additional 1,132 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $103.31 on Friday. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of -8.76, a PEG ratio of 7.04 and a beta of 0.25. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39. The stock’s 50 day moving average price is $97.56 and its two-hundred day moving average price is $102.01. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84.

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

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, May 15th. J. M. Smucker’s dividend payout ratio is presently -37.32%.

Analyst Ratings Changes

Several research analysts have recently issued reports on SJM shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $95.00 price objective on shares of J. M. Smucker in a research note on Wednesday, May 20th. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research note on Thursday, April 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research note on Monday, April 20th. BTIG Research initiated coverage on J. M. Smucker in a research note on Monday, April 13th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Sanford C. Bernstein reduced their target price on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $116.35.

J. M. Smucker Company 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.