Achmea Investment Management B.V. decreased its position in shares of The J. M. Smucker Company (NYSE:SJM – Get Rating) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,422 shares of the company’s stock after selling 5,116 shares during the period. Achmea Investment Management B.V.’s holdings in J. M. Smucker were worth $6,827,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of SJM. WINTON GROUP Ltd acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $671,000. Aviva PLC boosted its position in shares of J. M. Smucker by 34.2% during the fourth quarter. Aviva PLC now owns 43,113 shares of the company’s stock worth $5,856,000 after purchasing an additional 10,996 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of J. M. Smucker by 1.7% during the fourth quarter. Teacher Retirement System of Texas now owns 21,161 shares of the company’s stock worth $2,874,000 after purchasing an additional 351 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of J. M. Smucker during the fourth quarter worth $206,000. Finally, Qube Research & Technologies Ltd lifted its position in J. M. Smucker by 156.7% in the 4th quarter. Qube Research & Technologies Ltd now owns 50,193 shares of the company’s stock valued at $6,817,000 after acquiring an additional 30,638 shares in the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on SJM shares. UBS Group boosted their price objective on shares of J. M. Smucker from $122.00 to $127.00 and gave the company a “sell” rating in a research report on Wednesday, August 24th. Citigroup boosted their price objective on shares of J. M. Smucker to $137.00 in a research note on Thursday, June 9th. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and upped their price target for the company from $145.00 to $155.00 in a research note on Wednesday, August 17th. Morgan Stanley upped their price target on shares of J. M. Smucker from $117.00 to $132.00 and gave the company an “underweight” rating in a research note on Wednesday, August 24th. Finally, Stifel Nicolaus boosted their price objective on shares of J. M. Smucker from $140.00 to $148.00 in a report on Wednesday, August 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $138.82.
J. M. Smucker Trading Up 0.6 %
J. M. Smucker (NYSE:SJM – Get Rating) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.27. J. M. Smucker had a net margin of 7.33% and a return on equity of 11.38%. During the same quarter in the previous year, the firm earned $1.90 earnings per share. On average, sell-side analysts predict that The J. M. Smucker Company will post 8.54 EPS for the current year.
J. M. Smucker Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.93%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $0.99. The ex-dividend date was Thursday, August 11th. J. M. Smucker’s dividend payout ratio (DPR) is 75.00%.
Insider Buying and Selling at J. M. Smucker
In related news, insider Amy C. Held sold 8,701 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.39, for a total transaction of $1,247,636.39. Following the transaction, the insider now directly owns 3,916 shares of the company’s stock, valued at $561,515.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard K. Smucker sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $142.28, for a total transaction of $2,845,600.00. Following the completion of the sale, the director now owns 631,010 shares in the company, valued at $89,780,102.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amy C. Held sold 8,701 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $143.39, for a total transaction of $1,247,636.39. Following the sale, the insider now owns 3,916 shares of the company’s stock, valued at approximately $561,515.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,019 shares of company stock valued at $8,995,996. Corporate insiders own 3.90% of the company’s stock.
J. M. Smucker 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, shortening and oils, and 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.
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