AMF Tjanstepension AB Has $4.77 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

AMF Tjanstepension AB cut its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 89.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,214 shares of the company's stock after selling 381,834 shares during the quarter. AMF Tjanstepension AB's holdings in J. M. Smucker were worth $4,766,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Machina Capital S.A.S. bought a new position in J. M. Smucker during the 4th quarter valued at about $1,735,000. Aviance Capital Partners LLC increased its holdings in shares of J. M. Smucker by 5.0% during the fourth quarter. Aviance Capital Partners LLC now owns 3,404 shares of the company's stock worth $375,000 after buying an additional 162 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of J. M. Smucker by 201.2% in the fourth quarter. Edgestream Partners L.P. now owns 37,292 shares of the company's stock valued at $4,107,000 after acquiring an additional 24,911 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of J. M. Smucker in the 4th quarter worth approximately $402,000. Finally, Candriam S.C.A. grew its position in J. M. Smucker by 9.4% during the 4th quarter. Candriam S.C.A. now owns 12,149 shares of the company's stock worth $1,338,000 after acquiring an additional 1,041 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.40% of the company's stock.

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Analyst Ratings Changes

Several brokerages have issued reports on SJM. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Barclays cut their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. DA Davidson dropped their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and a consensus target price of $126.00.

J. M. Smucker Trading Down 2.8 %

Shares of NYSE SJM traded down $3.25 during mid-day trading on Wednesday, hitting $111.01. The company's stock had a trading volume of 1,191,701 shares, compared to its average volume of 1,125,606. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59. The company's fifty day simple moving average is $106.50 and its 200-day simple moving average is $112.73. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.89%. J. M. Smucker's dividend payout ratio is presently -179.25%.

About J. M. Smucker

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.