First Hawaiian Bank Purchases 110 Shares of The J. M. Smucker Company (NYSE:SJM)

First Hawaiian Bank grew its position in shares of The J. M. Smucker Company (NYSE:SJMGet Rating) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,154 shares of the company’s stock after acquiring an additional 110 shares during the period. First Hawaiian Bank’s holdings in J. M. Smucker were worth $562,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Joseph Group Capital Management bought a new position in shares of J. M. Smucker during the fourth quarter valued at about $926,000. Gemmer Asset Management LLC raised its stake in shares of J. M. Smucker by 70.2% during the fourth quarter. Gemmer Asset Management LLC now owns 194 shares of the company’s stock valued at $26,000 after acquiring an additional 80 shares during the last quarter. Shore Point Advisors LLC bought a new position in shares of J. M. Smucker during the fourth quarter valued at about $27,000. Farmers & Merchants Investments Inc. raised its stake in J. M. Smucker by 254.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 209 shares of the company’s stock worth $28,000 after buying an additional 150 shares in the last quarter. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new position in J. M. Smucker in the fourth quarter worth about $30,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

NYSE:SJM opened at $123.80 on Thursday. The company’s 50 day moving average price is $132.91 and its 200-day moving average price is $134.90. The J. M. Smucker Company has a 52 week low of $118.55 and a 52 week high of $146.74. The company has a quick ratio of 0.47, a current ratio of 1.03 and a debt-to-equity ratio of 0.53. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 12.66 and a beta of 0.28.

J. M. Smucker (NYSE:SJMGet Rating) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.35. J. M. Smucker had a net margin of 7.90% and a return on equity of 11.71%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 8.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, May 12th. J. M. Smucker’s payout ratio is 67.92%.

A number of equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of J. M. Smucker in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group decreased their price target on shares of J. M. Smucker from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, March 2nd. UBS Group increased their price target on shares of J. M. Smucker to $124.00 in a research note on Thursday, June 9th. Citigroup increased their price target on shares of J. M. Smucker to $137.00 in a research note on Thursday, June 9th. Finally, Morgan Stanley cut their price objective on shares of J. M. Smucker from $130.00 to $117.00 and set an “underweight” rating on the stock in a report on Wednesday, March 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $132.27.

J. M. Smucker Company Profile (Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; 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 ingredient.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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