Eurizon Capital SGR S.p.A. Takes $1.27 Million Position in The J. M. Smucker Company $SJM

Eurizon Capital SGR S.p.A. purchased a new stake in The J. M. Smucker Company (NYSE:SJM) in the fourth quarter, HoldingsChannel reports. The firm purchased 13,011 shares of the company’s stock, valued at approximately $1,273,000.

Several other institutional investors have also added to or reduced their stakes in SJM. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker during the second quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new position in J. M. Smucker during the second quarter valued at approximately $31,000. Fideuram Asset Management Ireland dac acquired a new position in J. M. Smucker during the fourth quarter valued at approximately $32,000. Rothschild Investment LLC increased 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 buying an additional 284 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of J. M. Smucker by 22.9% during the third quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after buying an additional 109 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SJM has been the subject of several research analyst reports. Wall Street Zen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 price target on shares of J. M. Smucker in a report on Wednesday, May 20th. JPMorgan Chase & Co. lowered their price target on shares of J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Finally, Wells Fargo & Company lowered their price target on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and an average price target of $116.59.

J. M. Smucker Stock Performance

NYSE SJM opened at $100.34 on Wednesday. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of -8.51, a PEG ratio of 6.80 and a beta of 0.27. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $119.39. The stock has a fifty day simple moving average of $97.57 and a 200 day simple moving average of $101.92. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker Dividend Announcement

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

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.