Daiwa Securities Group Inc. Raises Stake in The J. M. Smucker Company (NYSE:SJM)

Daiwa Securities Group Inc. boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,034 shares of the company’s stock after purchasing an additional 1,440 shares during the period. Daiwa Securities Group Inc.’s holdings in J. M. Smucker were worth $1,578,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SJM. Price T Rowe Associates Inc. MD grew its position in J. M. Smucker by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 145,306 shares of the company’s stock worth $18,291,000 after purchasing an additional 1,239 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of J. M. Smucker by 1.2% in the first quarter. California State Teachers Retirement System now owns 172,541 shares of the company’s stock valued at $21,718,000 after acquiring an additional 1,989 shares in the last quarter. Swedbank AB purchased a new stake in shares of J. M. Smucker in the first quarter valued at about $14,076,000. Cetera Investment Advisers boosted its holdings in J. M. Smucker by 62.0% during the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after buying an additional 9,250 shares in the last quarter. Finally, Cetera Advisors LLC boosted its holdings in J. M. Smucker by 21.1% during the first quarter. Cetera Advisors LLC now owns 11,906 shares of the company’s stock worth $1,499,000 after buying an additional 2,077 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

NYSE:SJM opened at $118.00 on Friday. The firm has a 50 day simple moving average of $116.38 and a 200-day simple moving average of $115.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The firm has a market cap of $12.56 billion, a PE ratio of 23.89, a P/E/G ratio of 3.37 and a beta of 0.25. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $134.62.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.33%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.59 earnings per share. On average, equities analysts expect that The J. M. Smucker Company will post 9.79 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SJM shares. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $135.00 to $125.00 in a report on Friday, October 25th. Citigroup decreased their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Finally, Bank of America decreased their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $127.55.

About J. M. Smucker

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.