Mitsubishi UFJ Trust & Banking Corp Sold 681 Shares of J M Smucker Co (SJM)

Mitsubishi UFJ Trust & Banking Corp Sold 681 Shares of J M Smucker Co (SJM)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in J M Smucker Co (NYSE:SJM) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,568 shares of the company’s stock after selling 681 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in J M Smucker were worth $33,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of J M Smucker by 1.0% in the fourth quarter. State Street Corp now owns 5,330,947 shares of the company’s stock valued at $682,666,000 after buying an additional 53,579 shares during the period. Wells Fargo & Company MN raised its stake in shares of J M Smucker by 9.7% in the first quarter. Wells Fargo & Company MN now owns 3,777,859 shares of the company’s stock valued at $495,201,000 after buying an additional 334,989 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of J M Smucker by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,550,836 shares of the company’s stock valued at $198,613,000 after buying an additional 54,290 shares during the period. FMR LLC raised its stake in shares of J M Smucker by 35.3% in the fourth quarter. FMR LLC now owns 1,344,623 shares of the company’s stock valued at $172,193,000 after buying an additional 351,144 shares during the period. Finally, Putnam Investments LLC raised its stake in shares of J M Smucker by 1.7% in the fourth quarter. Putnam Investments LLC now owns 1,244,149 shares of the company’s stock valued at $159,326,000 after buying an additional 20,688 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

J M Smucker Co (NYSE:SJM) traded up 0.22% during trading on Friday, reaching $130.51. The company’s stock had a trading volume of 817,844 shares. The company has a market capitalization of $15.20 billion, a P/E ratio of 22.72 and a beta of 0.54. J M Smucker Co has a 1-year low of $122.05 and a 1-year high of $157.31. The company’s 50-day moving average is $126.70 and its 200-day moving average is $131.29.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were issued a dividend of $0.75 per share. The ex-dividend date was Wednesday, May 10th. This represents a $3.00 annualized dividend and a dividend yield of 2.30%. J M Smucker’s payout ratio is currently 48.86%.

Several analysts recently issued reports on SJM shares. Sanford C. Bernstein lowered shares of J M Smucker from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $147.00 to $130.00 in a report on Tuesday, March 21st. Jefferies Group LLC restated a “hold” rating and issued a $130.00 price objective (up from $125.00) on shares of J M Smucker in a report on Thursday, February 23rd. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, February 27th. Deutsche Bank AG started coverage on shares of J M Smucker in a report on Wednesday, February 15th. They issued a “hold” rating and a $145.00 price objective on the stock. Finally, Morgan Stanley lowered shares of J M Smucker from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $132.00 to $126.00 in a report on Monday, April 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $135.91.

In related news, Director Jay L. Henderson bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were acquired at an average cost of $139.87 per share, for a total transaction of $419,610.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at approximately $419,610. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

About J M Smucker

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SJM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).

Related posts

Leave a Comment