State of Alaska Department of Revenue Raises Holdings in The J. M. Smucker Company (NYSE:SJM)

State of Alaska Department of Revenue lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 7.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,633 shares of the company’s stock after acquiring an additional 1,461 shares during the period. State of Alaska Department of Revenue’s holdings in J. M. Smucker were worth $2,272,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in J. M. Smucker by 41.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,072 shares of the company’s stock valued at $1,999,000 after buying an additional 5,267 shares during the last quarter. Columbus Macro LLC purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $259,000. Conestoga Capital Advisors LLC boosted its position in J. M. Smucker by 6.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock valued at $203,000 after buying an additional 115 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in J. M. Smucker by 1.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 13,369 shares of the company’s stock valued at $1,472,000 after buying an additional 200 shares during the last quarter. Finally, S.A. Mason LLC boosted its position in J. M. Smucker by 4.4% in the fourth quarter. S.A. Mason LLC now owns 3,699 shares of the company’s stock valued at $407,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Down 0.4 %

Shares of SJM stock opened at $102.90 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 3.15 and a beta of 0.27. The stock has a 50 day simple moving average of $108.27 and a 200-day simple moving average of $114.35. The J. M. Smucker Company has a 1-year low of $99.81 and a 1-year high of $130.79.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.59 EPS. On average, equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s payout ratio is 87.45%.

Analysts Set New Price Targets

SJM has been the topic of a number of recent research reports. Barclays dropped their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company upped their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $130.00 to $121.00 in a research 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 on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $126.78.

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.