Achmea Investment Management B.V. Acquires 999 Shares of The J. M. Smucker Company (NYSE:SJM)

Achmea Investment Management B.V. grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 10.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,609 shares of the company’s stock after purchasing an additional 999 shares during the period. Achmea Investment Management B.V.’s holdings in J. M. Smucker were worth $1,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SJM. FMR LLC grew its position in J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after acquiring an additional 958,142 shares during the last quarter. State Street Corp grew its position in J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after acquiring an additional 762,746 shares during the last quarter. Thrivent Financial for Lutherans grew its position in J. M. Smucker by 891.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after acquiring an additional 521,404 shares during the last quarter. Raymond James Financial Inc. bought a new stake in J. M. Smucker during the 4th quarter worth $32,988,000. Finally, Amundi grew its position in J. M. Smucker by 49.3% during the 4th quarter. Amundi now owns 628,381 shares of the company’s stock worth $66,250,000 after acquiring an additional 207,477 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SJM shares. Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Barclays cut their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $126.00.

J. M. Smucker Stock Down 0.1 %

Shares of NYSE:SJM opened at $111.62 on Friday. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 3.91 and a beta of 0.28. 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 business’s 50-day moving average is $106.53 and its 200-day moving average is $112.59. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.87%. J. M. Smucker’s payout ratio is currently -179.25%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.