Tredje AP fonden Has $1.07 Million Position in The J. M. Smucker Company (NYSE:SJM)

Tredje AP fonden trimmed its stake in The J. M. Smucker Company (NYSE:SJM) by 1.4% in the second quarter, HoldingsChannel reports. The firm owned 9,783 shares of the company’s stock after selling 140 shares during the period. Tredje AP fonden’s holdings in J. M. Smucker were worth $1,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SJM. Principal Securities Inc. bought a new stake in J. M. Smucker during the 4th quarter valued at $43,000. Norges Bank acquired a new stake in shares of J. M. Smucker in the 4th quarter worth about $157,077,000. D.A. Davidson & CO. lifted its position in J. M. Smucker by 22.2% in the 4th quarter. D.A. Davidson & CO. now owns 27,990 shares of the company’s stock valued at $3,537,000 after acquiring an additional 5,079 shares in the last quarter. Corient Private Wealth LLC boosted its stake in J. M. Smucker by 4.7% during the 4th quarter. Corient Private Wealth LLC now owns 60,517 shares of the company’s stock valued at $7,648,000 after purchasing an additional 2,741 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in J. M. Smucker during the 4th quarter worth approximately $279,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $118.74 on Friday. The firm has a market capitalization of $12.61 billion, a PE ratio of 16.68, a P/E/G ratio of 3.20 and a beta of 0.24. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $118.78 and a two-hundred day moving average price of $116.21. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 EPS. Equities analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.64%. J. M. Smucker’s dividend payout ratio is 60.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Saturday, September 14th. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, TD Cowen dropped their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $127.25.

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.