The J. M. Smucker Company (NYSE:SJM) Position Lifted by Cullen Capital Management LLC

Cullen Capital Management LLC raised its stake in The J. M. Smucker Company (NYSE:SJM) by 15.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,159 shares of the company’s stock after acquiring an additional 2,060 shares during the period. Cullen Capital Management LLC’s holdings in J. M. Smucker were worth $1,669,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SJM. Sumitomo Mitsui Trust Group Inc. raised its stake in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock valued at $35,721,000 after buying an additional 11,339 shares in the last quarter. Nordea Investment Management AB raised its position in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after acquiring an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at approximately $1,273,000. Signal Advisors Wealth LLC lifted its stake in J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after purchasing an additional 9,982 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its holdings in J. M. Smucker by 6.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company’s stock worth $29,875,000 after purchasing an additional 16,963 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Down 2.8 %

NYSE:SJM opened at $115.03 on Friday. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42. The business has a fifty day moving average of $109.70 and a 200-day moving average of $112.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.91 and a beta of 0.35.

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

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.76%. J. M. Smucker’s payout ratio is -179.25%.

Insiders Place Their Bets

In other news, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SJM shares. Morgan Stanley initiated coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price target on the stock. Barclays cut their target price on shares of 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. DA Davidson lowered their target price 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. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective 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 issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $125.67.

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.