The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,014 shares of the company's stock after acquiring an additional 4,448 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in J. M. Smucker were worth $3,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC increased its stake in shares of J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares during the period. Venturi Wealth Management LLC boosted its holdings in 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 in the last quarter. Kentucky Trust Co purchased a new stake in J. M. Smucker during the fourth quarter worth $28,000. Kieckhefer Group LLC purchased a new stake in J. M. Smucker during the fourth quarter worth $33,000. Finally, Hantz Financial Services Inc. purchased a new stake in J. M. Smucker during the fourth quarter worth $39,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. DA Davidson lowered their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $126.00.

J. M. Smucker Trading Down 0.8 %

J. M. Smucker stock traded down $0.89 during midday trading on Thursday, hitting $109.27. 1,185,255 shares of the stock were exchanged, compared to its average volume of 1,121,353. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 3.91 and a beta of 0.28. The stock's 50-day simple moving average is $106.74 and its 200 day simple moving average is $112.52. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.95%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is currently -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.