Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in The J. M. Smucker Company (NYSE:SJM – Free Report) by 45.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,077 shares of the company’s stock after selling 20,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in J. M. Smucker were worth $2,723,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC purchased a new position in shares of J. M. Smucker in the 2nd quarter worth about $26,000. Bank of Jackson Hole Trust raised its holdings in shares of J. M. Smucker by 104.5% during the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after buying an additional 140 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in J. M. Smucker in the 2nd quarter worth approximately $27,000. Elevation Point Wealth Partners LLC purchased a new stake in J. M. Smucker in the second quarter worth approximately $28,000. Finally, MUFG Securities EMEA plc bought a new position in J. M. Smucker during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.
J. M. Smucker Price Performance
SJM stock opened at $102.00 on Monday. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of -9.09, a PEG ratio of 6.94 and a beta of 0.23. The firm’s 50-day moving average price is $101.52 and its two-hundred day moving average price is $105.39. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $121.48.
J. M. Smucker Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is presently -39.22%.
Analyst Ratings Changes
Several research firms have commented on SJM. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. cut their price target on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. UBS Group reduced their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $114.93.
Check Out Our Latest Stock Analysis on SJM
About J. M. Smucker
The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.
Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.
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