Nordea Investment Management AB Grows Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Nordea Investment Management AB raised its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,361,902 shares of the company's stock after acquiring an additional 192,748 shares during the period. Nordea Investment Management AB owned about 1.28% of J. M. Smucker worth $150,082,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SJM. Probity Advisors Inc. grew its holdings in shares of J. M. Smucker by 1.1% during the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company's stock valued at $1,065,000 after purchasing an additional 96 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in shares of J. M. Smucker by 0.5% during the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company's stock valued at $2,158,000 after acquiring an additional 99 shares in the last quarter. Romano Brothers AND Company grew its position in J. M. Smucker by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company's stock worth $362,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. increased its holdings in J. M. Smucker by 11.0% in the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock worth $125,000 after purchasing an additional 102 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of J. M. Smucker by 3.5% during the third quarter. Fulton Bank N.A. now owns 3,178 shares of the company's stock worth $385,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Trading Down 1.5 %

Shares of NYSE:SJM traded down $1.61 during mid-day trading on Tuesday, hitting $107.55. The company had a trading volume of 833,643 shares, compared to its average volume of 983,486. The company has a market capitalization of $11.45 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 3.46 and a beta of 0.28. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The firm has a fifty day moving average price of $113.21 and a 200 day moving average price of $115.84. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating 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 analysts' expectations of $2.27 billion. During the same quarter last year, the firm posted $2.59 earnings per share. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts forecast that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker's dividend payout ratio (DPR) is presently 87.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SJM shares. Wells Fargo & Company lifted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Barclays reduced their price target on 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. Stifel Nicolaus downgraded J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $128.56.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the business's stock in a transaction that occurred on 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 owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by 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.