Tredje AP fonden Has $539,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

Tredje AP fonden lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,892 shares of the company's stock after selling 4,891 shares during the period. Tredje AP fonden's holdings in J. M. Smucker were worth $539,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in J. M. Smucker by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 135,465 shares of the company's stock worth $16,405,000 after acquiring an additional 5,790 shares during the period. Venturi Wealth Management LLC increased its position in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after buying an additional 226 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of J. M. Smucker by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,042 shares of the company's stock worth $37,909,000 after buying an additional 3,934 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of J. M. Smucker by 281.1% in the third quarter. Victory Capital Management Inc. now owns 152,112 shares of the company's stock valued at $18,421,000 after acquiring an additional 112,195 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of J. M. Smucker in the third quarter worth $207,000. Institutional investors own 81.66% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

SJM has been the subject of a number of research reports. Stifel Nicolaus reduced 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. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Barclays decreased their price objective 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. Finally, DA Davidson dropped their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, J. M. Smucker currently has an average rating of "Hold" and an average price target of $126.00.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.40% of the stock is owned by company insiders.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $0.72 during trading hours on Wednesday, hitting $110.15. 1,292,588 shares of the stock were exchanged, compared to its average volume of 1,119,911. The stock has a market capitalization of $11.72 billion, a P/E ratio of 22.30, a P/E/G ratio of 3.91 and a beta of 0.28. The business's 50-day moving average is $106.65 and its two-hundred day moving average is $112.53. 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 J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.59.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio is presently -179.25%.

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.