13,011 Shares in The J. M. Smucker Company $SJM Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,011 shares of the company’s stock, valued at approximately $1,273,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc bought a new position in J. M. Smucker in the 2nd quarter valued at about $31,000. Fideuram Asset Management Ireland dac bought a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $32,000. Rothschild Investment LLC boosted its holdings in shares of J. M. Smucker by 100.4% during the third quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock worth $62,000 after acquiring an additional 284 shares during the period. Finally, IFP Advisors Inc grew its position in shares of J. M. Smucker by 22.9% in the third quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $64,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.3%

SJM opened at $100.34 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The stock has a fifty day moving average of $97.57 and a 200-day moving average of $101.92. The company has a market capitalization of $10.70 billion, a P/E ratio of -8.51, a P/E/G ratio of 6.80 and a beta of 0.27.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s payout ratio is presently -37.32%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SJM. Stifel Nicolaus lowered their target price on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price objective on J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Sanford C. Bernstein lowered their price objective on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Morgan Stanley dropped their target price on J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Finally, TD Cowen dropped their target price on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a report on Thursday, March 19th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, J. M. Smucker presently has an average rating of “Hold” and an average target price of $116.59.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.