Tokio Marine Asset Management Co. Ltd. reduced its position in J M Smucker Co (NYSE:SJM) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,477 shares of the company’s stock after selling 865 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in J M Smucker were worth $680,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its position in shares of J M Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after acquiring an additional 620 shares during the period. Ramsay Stattman Vela & Price Inc. bought a new position in shares of J M Smucker in the fourth quarter valued at approximately $200,000. Flagship Harbor Advisors LLC bought a new position in shares of J M Smucker in the third quarter valued at approximately $201,000. Well Done LLC bought a new position in shares of J M Smucker in the third quarter valued at approximately $201,000. Finally, Stokes & Hubbell Capital Management LLC bought a new position in shares of J M Smucker in the third quarter valued at approximately $202,000. Institutional investors own 75.48% of the company’s stock.

A number of research firms have recently commented on SJM. Susquehanna Bancshares restated a “buy” rating and issued a $151.00 price objective on shares of J M Smucker in a research report on Friday, January 26th. Credit Suisse Group set a $120.00 target price on shares of J M Smucker and gave the company a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 target price on shares of J M Smucker and gave the company a “hold” rating in a research report on Thursday, January 4th. Jefferies Group set a $135.00 target price on shares of J M Smucker and gave the company a “buy” rating in a research report on Saturday, November 18th. Finally, Stifel Nicolaus lifted their target price on shares of J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $127.83.

In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold 5,610 shares of company stock worth $698,093 over the last three months. Insiders own 3.50% of the company’s stock.

Shares of J M Smucker Co (NYSE SJM) opened at $118.37 on Friday. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68. The stock has a market cap of $13,612.40, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96.

J M Smucker (NYSE:SJM) last announced its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the business posted $2.05 earnings per share. J M Smucker’s revenue for the quarter was up .5% on a year-over-year basis. equities research analysts anticipate that J M Smucker Co will post 7.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is presently 63.03%.

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J M Smucker Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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