Swedbank AB Has $15.09 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Swedbank AB lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 136,999 shares of the company’s stock after purchasing an additional 6,539 shares during the quarter. Swedbank AB owned about 0.13% of J. M. Smucker worth $15,086,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after buying an additional 226 shares during the period. Kieckhefer Group LLC bought a new stake in J. M. Smucker during the 4th quarter worth about $33,000. Quarry LP raised its holdings in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $39,000. Finally, Hantz Financial Services Inc. acquired a new stake in J. M. Smucker in the fourth quarter valued at $39,000. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SJM shares. 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 note on Wednesday, November 27th. Barclays cut their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Stifel Nicolaus cut their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.78.

J. M. Smucker Stock Down 0.9 %

SJM stock opened at $106.80 on Friday. The stock has a market capitalization of $11.37 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 3.23 and a beta of 0.28. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $109.94 and a 200-day moving average price of $114.96. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $2.59 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.04%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is currently 87.45%.

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.