KBC Group NV Reduces Stock Position in The J. M. Smucker Company (NYSE:SJM)

KBC Group NV lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 23.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,304 shares of the company’s stock after selling 5,757 shares during the quarter. KBC Group NV’s holdings in J. M. Smucker were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of J. M. Smucker during the 4th quarter valued at $27,000. Minot DeBlois Advisors LLC purchased a new position in shares of J. M. Smucker during the 4th quarter worth about $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of J. M. Smucker during the 4th quarter worth about $29,000. Menard Financial Group LLC purchased a new stake in J. M. Smucker in the 4th quarter valued at about $46,000. Finally, Sandy Spring Bank boosted its position in J. M. Smucker by 1,365.5% in the 4th quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after buying an additional 396 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares of the company’s stock, valued at approximately $367,544.25. This represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SJM has been the subject of several research reports. Bank of America lowered their price target on shares of J. M. Smucker from $118.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Wells Fargo & Company reduced their price objective on shares of J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, June 11th. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $120.00 to $106.00 and set a “hold” rating on the stock in a research note on Wednesday, June 11th. Morgan Stanley restated an “overweight” rating and set a $124.00 price target (up previously from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Finally, DA Davidson dropped their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus target price of $115.80.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $103.82 on Friday. The company’s fifty day moving average price is $107.32 and its 200 day moving average price is $108.95. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company has a market capitalization of $11.06 billion, a PE ratio of -8.98, a price-to-earnings-growth ratio of 8.01 and a beta of 0.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.06. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.66 earnings per share. On average, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is -37.37%.

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.