Tredje AP fonden Decreases Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Tredje AP fonden lessened its position in shares of The J. M. Smucker Company (NYSE:SJM) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,892 shares of the company’s stock after selling 4,891 shares during the quarter. Tredje AP fonden’s holdings in J. M. Smucker were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. raised its position in shares of J. M. Smucker by 17.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after buying an additional 100 shares during the period. Trust Co. of Vermont raised its position in shares of J. M. Smucker by 4.1% during the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after buying an additional 108 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock valued at $203,000 after buying an additional 115 shares during the period. Code Waechter LLC raised its position in shares of J. M. Smucker by 2.5% during the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock valued at $553,000 after buying an additional 124 shares during the period. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of J. M. Smucker by 35.7% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock valued at $52,000 after buying an additional 125 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 related news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. DA Davidson dropped their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Barclays dropped their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $126.00.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $111.62 on Friday. 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 fifty day moving average price of $106.53 and a 200 day moving average price of $112.59. The company has a market cap of $11.88 billion, a P/E ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.28. 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) last issued its 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. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.87%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

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, 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.