AMF Tjanstepension AB Sells 381,834 Shares of The J. M. Smucker Company (NYSE:SJM)

AMF Tjanstepension AB lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 89.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,214 shares of the company’s stock after selling 381,834 shares during the quarter. AMF Tjanstepension AB’s holdings in J. M. Smucker were worth $4,766,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of J. M. Smucker by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after acquiring an additional 11,339 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of J. M. Smucker by 6.8% during the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after acquiring an additional 310 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after acquiring an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of J. M. Smucker during the 4th quarter worth about $1,273,000. Finally, Signal Advisors Wealth LLC boosted its stake in shares of J. M. Smucker by 336.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after acquiring an additional 9,982 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

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

J. M. Smucker Trading Up 5.2 %

J. M. Smucker stock opened at $117.29 on Friday. The business has a 50 day moving average price of $106.28 and a two-hundred day moving average price of $112.87. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth 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 posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.68%. J. M. Smucker’s payout ratio is presently -179.25%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Barclays decreased their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. TD Cowen downgraded 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 research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $126.13.

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.