The J. M. Smucker Company (NYSE:SJM) Shares Sold by ING Groep NV

ING Groep NV lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,843 shares of the company’s stock after selling 505 shares during the quarter. ING Groep NV’s holdings in J. M. Smucker were worth $1,524,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Kentucky Trust Co acquired a new position in shares of J. M. Smucker during the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC increased its position in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in J. M. Smucker in the 4th quarter valued at about $33,000. Catalyst Capital Advisors LLC purchased a new position in J. M. Smucker in the 3rd quarter worth approximately $39,000. Finally, Hantz Financial Services Inc. purchased a new position in J. M. Smucker in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $110.02 on Monday. 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 J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59. The firm has a market cap of $11.71 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27. The company’s 50 day moving average is $106.26 and its two-hundred day moving average is $113.39.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm earned $2.59 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.93%. J. M. Smucker’s payout ratio is 87.45%.

Analyst Ratings Changes

Several research firms recently commented on SJM. Stifel Nicolaus cut their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Barclays dropped their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $126.78.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.40% of the company’s stock.

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.