ING Groep NV Sells 505 Shares of The J. M. Smucker Company (NYSE:SJM)

ING Groep NV trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,843 shares of the company’s stock after selling 505 shares during the quarter. ING Groep NV’s holdings in J. M. Smucker were worth $1,524,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares during the last quarter. Kentucky Trust Co purchased a new position in shares of J. M. Smucker in the fourth quarter valued at $28,000. Kieckhefer Group LLC bought a new stake in J. M. Smucker in the fourth quarter worth $33,000. Catalyst Capital Advisors LLC purchased a new stake in J. M. Smucker during the third quarter valued at $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker during the third quarter valued at $40,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Up 2.5 %

Shares of SJM opened at $110.02 on Monday. The firm has a market capitalization of $11.71 billion, a P/E ratio of 22.27, a P/E/G ratio of 3.91 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.59. The firm has a fifty day moving average price of $106.26 and a 200-day moving average price of $113.39. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 EPS. Equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s payout ratio is 87.45%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on SJM shares. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Barclays reduced their price objective on 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 lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $126.78.

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.