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

Tredje AP fonden trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of J. M. Smucker by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after acquiring an additional 518,433 shares in the last quarter. Boston Partners bought a new position in shares of J. M. Smucker in the 1st quarter valued at $364,990,000. Dimensional Fund Advisors LP raised its holdings in shares of J. M. Smucker by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock worth $194,435,000 after buying an additional 135,158 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of J. M. Smucker by 29.0% during the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after buying an additional 327,680 shares during the last quarter. Finally, Norges Bank acquired a new stake in J. M. Smucker in the fourth quarter valued at about $157,077,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $118.74 on Friday. The stock’s 50 day moving average is $118.78 and its 200 day moving average is $116.21. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The firm has a market cap of $12.61 billion, a P/E ratio of 16.68, a P/E/G ratio of 3.20 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

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

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a dividend yield of 3.64%. J. M. Smucker’s dividend payout ratio (DPR) is 60.67%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SJM shares. Citigroup lowered their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. TD Cowen dropped their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Argus decreased their target price on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Saturday, September 14th. Finally, Wells Fargo & Company cut their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $127.25.

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.