BI Asset Management Fondsmaeglerselskab A S raised its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 1,145.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,761 shares of the company's stock after buying an additional 12,656 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in J. M. Smucker were worth $1,515,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of J. M. Smucker by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after purchasing an additional 130,533 shares during the period. FMR LLC increased its stake in J. M. Smucker by 11.3% in the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock worth $411,222,000 after purchasing an additional 380,309 shares in the last quarter. Geode Capital Management LLC lifted its stake in J. M. Smucker by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock valued at $286,664,000 after buying an additional 58,231 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of J. M. Smucker by 21.0% in the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock worth $265,942,000 after buying an additional 418,878 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of J. M. Smucker by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock worth $221,232,000 after acquiring an additional 33,758 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.
Insiders Place Their Bets
In related news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the company's 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 sale, the chief financial officer now owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.
J. M. Smucker Price Performance
NYSE SJM opened at $117.76 on Wednesday. The company has a 50 day moving average price of $112.47 and a two-hundred day moving average price of $111.77. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.42. The stock has a market capitalization of $12.53 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.
J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.
J. M. Smucker Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a $1.08 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.67%. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.
Analysts Set New Price Targets
SJM has been the subject of several research analyst reports. 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 research note on Wednesday, January 8th. Barclays lowered their price target on 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. Morgan Stanley began coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective for the company. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Finally, Stifel Nicolaus decreased their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $125.67.
Read Our Latest Stock Report on J. M. Smucker
J. M. Smucker Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The J. M. Smucker Company (NYSE:SJM - Free Report).
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