Assenagon Asset Management S.A. Has $12.26 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Assenagon Asset Management S.A. cut its stake in The J. M. Smucker Company (NYSE:SJM) by 23.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,293 shares of the company’s stock after selling 34,588 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of J. M. Smucker worth $12,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SJM. State Street Corp grew its stake in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares in the last quarter. FMR LLC raised its stake in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after purchasing an additional 958,142 shares in the last quarter. ProShare Advisors LLC grew its position in J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after buying an additional 192,075 shares in the last quarter. Nordea Investment Management AB lifted its position in J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares during the period. Finally, Ariel Investments LLC raised its position in J. M. Smucker by 56.0% during the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after purchasing an additional 486,624 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Barclays reduced their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $127.33.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction that occurred 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 approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Price Performance

SJM stock opened at $102.16 on Friday. The firm has a 50 day simple moving average of $111.31 and a two-hundred day simple moving average of $115.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a market cap of $10.87 billion, a PE ratio of 20.68, a P/E/G ratio of 3.08 and a beta of 0.28. The J. M. Smucker Company has a one year low of $99.81 and a one year high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 EPS. On average, analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s payout ratio is 87.45%.

J. M. Smucker Company 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.