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

KBC Group NV cut its holdings in The J. M. Smucker Company (NYSE:SJMFree Report) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,923 shares of the company’s stock after selling 17,403 shares during the quarter. KBC Group NV’s holdings in J. M. Smucker were worth $6,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC raised its stake in shares of J. M. Smucker by 1.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after purchasing an additional 81 shares during the last quarter. Tradition Wealth Management LLC raised its stake in shares of J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after purchasing an additional 83 shares during the last quarter. Shell Asset Management Co. raised its stake in shares of J. M. Smucker by 4.4% in the third quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock worth $268,000 after purchasing an additional 93 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its stake in shares of J. M. Smucker by 2.0% in the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after purchasing an additional 97 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in J. M. Smucker by 5.5% during the third quarter. Oppenheimer & Co. Inc. now owns 1,882 shares of the company’s stock valued at $231,000 after acquiring an additional 98 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup reduced their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. DA Davidson assumed coverage on J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price target for the company. Barclays lifted their price target on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Finally, TD Cowen reduced their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $136.07.

Read Our Latest Stock Report on SJM

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $110.33 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The business’s 50 day moving average price is $114.55 and its 200-day moving average price is $120.77. The firm has a market capitalization of $11.71 billion, a PE ratio of -125.37, a P/E/G ratio of 1.68 and a beta of 0.23. The J. M. Smucker Company has a 1 year low of $106.32 and a 1 year high of $156.03.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s dividend payout ratio is presently -481.81%.

About J. M. Smucker

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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