Mitsubishi UFJ Trust & Banking Corp Has $15.75 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Mitsubishi UFJ Trust & Banking Corp grew its position in The J. M. Smucker Company (NYSE:SJM) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 143,002 shares of the company’s stock after purchasing an additional 2,782 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in J. M. Smucker were worth $15,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its stake in J. M. Smucker by 2.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 87,501 shares of the company’s stock valued at $9,636,000 after purchasing an additional 1,990 shares during the period. Prudential Financial Inc. boosted its position in shares of J. M. Smucker by 164.2% in the fourth quarter. Prudential Financial Inc. now owns 180,291 shares of the company’s stock valued at $19,854,000 after acquiring an additional 112,055 shares during the period. Congress Wealth Management LLC DE grew its stake in shares of J. M. Smucker by 34.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 3,134 shares of the company’s stock valued at $345,000 after acquiring an additional 801 shares in the last quarter. Vanguard Group Inc. increased its position in J. M. Smucker by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock worth $1,469,544,000 after acquiring an additional 130,533 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in J. M. Smucker in the 4th quarter worth about $1,201,000. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Down 0.5 %

SJM stock opened at $116.13 on Friday. The stock has a market capitalization of $12.36 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $108.21 and a 200-day moving average price of $112.25. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.75.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.72%. J. M. Smucker’s payout ratio is presently -179.25%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SJM. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Barclays reduced their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Finally, Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $125.67.

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.