Handelsbanken Fonder AB Trims Holdings in The J. M. Smucker Company (NYSE:SJM)

Handelsbanken Fonder AB reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 37.9% during the 4th quarter, Holdings Channel reports. The fund owned 29,300 shares of the company’s stock after selling 17,872 shares during the period. Handelsbanken Fonder AB’s holdings in J. M. Smucker were worth $3,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

J. M. Smucker Trading Up 0.8 %

Shares of SJM stock opened at $110.93 on Tuesday. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock’s fifty day moving average is $106.22 and its two-hundred day moving average is $113.33. The firm has a market capitalization of $11.80 billion, a P/E ratio of 22.45, a PEG ratio of 3.91 and a beta of 0.27.

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 net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company earned $2.59 EPS. J. M. Smucker’s revenue was up 17.2% compared to the same quarter last year. Research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.89%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

About J. M. Smucker

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.