The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden increased its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 39.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,500 shares of the company's stock after purchasing an additional 8,600 shares during the quarter. Forsta AP Fonden's holdings in J. M. Smucker were worth $3,694,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Boston Partners acquired a new stake in J. M. Smucker in the first quarter valued at $364,990,000. Bank of Montreal Can boosted its holdings in shares of J. M. Smucker by 186.3% in the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company's stock valued at $90,195,000 after buying an additional 523,803 shares in the last quarter. Ariel Investments LLC lifted its position in J. M. Smucker by 56.0% in the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company's stock valued at $147,749,000 after acquiring an additional 486,624 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in J. M. Smucker in the first quarter valued at $48,207,000. Finally, Champlain Investment Partners LLC grew its holdings in shares of J. M. Smucker by 29.0% during the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company's stock worth $183,518,000 after purchasing an additional 327,680 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup decreased their target price on J. M. Smucker from $138.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a "strong sell" rating in a research report on Thursday, August 29th. Bank of America reduced their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. DA Davidson reissued a "neutral" rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Finally, Stifel Nicolaus lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $126.42.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock traded up $0.11 during trading on Wednesday, reaching $113.90. The company's stock had a trading volume of 875,056 shares, compared to its average volume of 1,154,132. The business has a 50 day moving average price of $118.58 and a 200-day moving average price of $115.64. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $134.62. The company has a market capitalization of $12.12 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 3.32 and a beta of 0.24. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.17 by $0.27. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business's revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 EPS. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.81 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker's dividend payout ratio (DPR) is 61.10%.

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.