The J. M. Smucker Company (NYSE:SJM) Shares Bought by Swedbank AB

Swedbank AB increased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,999 shares of the company's stock after purchasing an additional 6,539 shares during the quarter. Swedbank AB owned approximately 0.13% of J. M. Smucker worth $15,086,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SJM. Public Sector Pension Investment Board raised its holdings in shares of J. M. Smucker by 65.2% in the second quarter. Public Sector Pension Investment Board now owns 4,018 shares of the company's stock valued at $438,000 after acquiring an additional 1,586 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of J. M. Smucker by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 69,370 shares of the company's stock valued at $7,564,000 after purchasing an additional 1,296 shares in the last quarter. Quarry LP increased its holdings in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after buying an additional 219 shares during the period. Cetera Investment Advisers raised its stake in J. M. Smucker by 2.9% in the second quarter. Cetera Investment Advisers now owns 24,886 shares of the company's stock worth $2,714,000 after buying an additional 712 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in J. M. Smucker during the second quarter worth $1,002,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen cut 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 research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Barclays cut their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus decreased their target price 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, J. M. Smucker currently has an average rating of "Hold" and a consensus price target of $126.78.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company's stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.40% of the company's stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM traded down $1.59 during mid-day trading on Tuesday, hitting $104.29. The stock had a trading volume of 450,546 shares, compared to its average volume of 952,928. The company has a 50 day moving average of $109.79 and a two-hundred day moving average of $114.80. The J. M. Smucker Company has a twelve month low of $99.81 and a twelve month high of $133.85. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market cap of $11.10 billion, a PE ratio of 21.11, a PEG ratio of 3.26 and a beta of 0.27.

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

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 4.14%. J. M. Smucker's dividend payout ratio (DPR) is presently 87.45%.

J. M. Smucker Company Profile

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.