E. Ohman J or Asset Management AB Buys New Position in The J. M. Smucker Company (NYSE:SJM)

E. Ohman J or Asset Management AB purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,459 shares of the company’s stock, valued at approximately $646,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Advisors Ltd. LLC raised its holdings in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of J. M. Smucker during the 4th quarter valued at $27,000. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter worth $28,000. Minot DeBlois Advisors LLC bought a new stake in shares of J. M. Smucker in the 4th quarter worth $28,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of J. M. Smucker in the 4th quarter worth $29,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $110.62 on Friday. The company’s fifty day moving average is $113.88 and its two-hundred day moving average is $111.24. The company has a market cap of $11.77 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.42. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SJM. Barclays decreased their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. UBS Group lowered their price objective on shares of J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday. Wall Street Zen raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. DA Davidson decreased their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley upped their price target on J. M. Smucker from $123.00 to $124.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus target price of $125.30.

J. M. Smucker 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.