Tokio Marine Asset Management Co. Ltd. Lowers Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Tokio Marine Asset Management Co. Ltd. cut its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,419 shares of the company’s stock after selling 1,600 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in J. M. Smucker were worth $656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners purchased a new stake in shares of J. M. Smucker in the 1st quarter worth approximately $364,990,000. Dimensional Fund Advisors LP increased its holdings in shares of J. M. Smucker by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after acquiring an additional 135,158 shares during the period. ProShare Advisors LLC lifted its stake in shares of J. M. Smucker by 14.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after purchasing an additional 192,075 shares during the last quarter. Champlain Investment Partners LLC grew its stake in J. M. Smucker by 29.0% in the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock valued at $183,518,000 after purchasing an additional 327,680 shares during the last quarter. Finally, Ariel Investments LLC raised its holdings in J. M. Smucker by 56.0% in the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 2.5 %

NYSE:SJM opened at $106.92 on Friday. The firm has a market capitalization of $11.38 billion, a P/E ratio of 15.12, a PEG ratio of 3.17 and a beta of 0.25. The company’s fifty day moving average price is $117.25 and its 200-day moving average price is $115.56. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $134.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.27. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $2.21 EPS. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.8 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.04%. J. M. Smucker’s dividend payout ratio is presently 61.10%.

Analyst Ratings Changes

SJM has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Wells Fargo & Company cut their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average price target of $127.09.

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.