The J. M. Smucker Company (NYSE:SJM) Position Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in The J. M. Smucker Company (NYSE:SJMFree Report) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,363 shares of the company’s stock after selling 7,160 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of J. M. Smucker worth $6,313,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cibc World Markets Corp increased its holdings in shares of J. M. Smucker by 131.9% in the 2nd quarter. Cibc World Markets Corp now owns 12,505 shares of the company’s stock valued at $1,847,000 after purchasing an additional 7,112 shares during the period. Impax Asset Management Group plc increased its holdings in shares of J. M. Smucker by 27.8% in the 2nd quarter. Impax Asset Management Group plc now owns 6,572 shares of the company’s stock valued at $970,000 after purchasing an additional 1,431 shares during the period. National Bank of Canada FI increased its holdings in shares of J. M. Smucker by 93.2% in the 3rd quarter. National Bank of Canada FI now owns 56,881 shares of the company’s stock valued at $6,908,000 after purchasing an additional 27,437 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of J. M. Smucker by 7.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 75,541 shares of the company’s stock valued at $11,155,000 after purchasing an additional 4,991 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of J. M. Smucker by 6.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,832 shares of the company’s stock valued at $1,600,000 after purchasing an additional 633 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $129.72 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 3.20 and a debt-to-equity ratio of 1.10. The stock has a 50 day moving average price of $127.51 and a two-hundred day moving average price of $126.55. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.12. J. M. Smucker had a positive return on equity of 13.57% and a negative net margin of 0.17%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business earned $2.40 earnings per share. The company’s revenue was down 12.1% on a year-over-year basis. As a group, equities analysts predict that The J. M. Smucker Company will post 9.52 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 16th will be given a $1.06 dividend. The ex-dividend date is Thursday, February 15th. This represents a $4.24 annualized dividend and a dividend yield of 3.27%. J. M. Smucker’s dividend payout ratio is -7,066.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company began coverage on J. M. Smucker in a report on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 target price on the stock. Stifel Nicolaus boosted their price target on J. M. Smucker from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Morgan Stanley reissued an “equal weight” rating and issued a $122.00 price target on shares of J. M. Smucker in a research note on Wednesday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price target on J. M. Smucker from $125.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, December 6th. Finally, TD Cowen boosted their price target on J. M. Smucker from $133.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $138.07.

View Our Latest Analysis on J. M. Smucker

Insider Activity

In other news, CFO Tucker H. Marshall sold 1,500 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $124.53, for a total value of $186,795.00. Following the completion of the sale, the chief financial officer now directly owns 10,126 shares of the company’s stock, valued at $1,260,990.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Tarang Amin bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of $125.05 per share, for a total transaction of $125,050.00. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at approximately $125,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 1,500 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $124.53, for a total value of $186,795.00. Following the completion of the transaction, the chief financial officer now owns 10,126 shares of the company’s stock, valued at $1,260,990.78. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

J. M. Smucker Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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