Forsta AP Fonden Sells 5,700 Shares of The J. M. Smucker Company (NYSE:SJM)

Forsta AP Fonden decreased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,800 shares of the company's stock after selling 5,700 shares during the period. Forsta AP Fonden's holdings in J. M. Smucker were worth $2,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SJM. Venturi Wealth Management LLC raised its stake in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after buying an additional 226 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at about $33,000. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker during the 3rd quarter worth approximately $39,000. Quarry LP increased its stake in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after buying an additional 219 shares during the last quarter. Finally, Eastern Bank bought a new stake in J. M. Smucker during the third quarter worth about $40,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of 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. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays decreased their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $126.78.

J. M. Smucker Stock Down 0.7 %

Shares of SJM traded down $0.71 during trading hours on Wednesday, reaching $103.96. The stock had a trading volume of 793,112 shares, compared to its average volume of 963,540. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 3.26 and a beta of 0.27. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $133.85. The firm has a 50-day simple moving average of $109.20 and a 200 day simple moving average of $114.63.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 EPS. Equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is currently 87.45%.

Insider Activity at J. M. Smucker

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

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.