Handelsbanken Fonder AB Trims Holdings in The J. M. Smucker Company (NYSE:SJM)

Handelsbanken Fonder AB trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 37.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,300 shares of the company’s stock after selling 17,872 shares during the quarter. Handelsbanken Fonder AB’s holdings in J. M. Smucker were worth $3,227,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its holdings in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the period. Kentucky Trust Co bought a new stake in J. M. Smucker during the 4th quarter valued at $28,000. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker in the 4th quarter worth $33,000. Catalyst Capital Advisors LLC bought a new position in shares of J. M. Smucker during the 3rd quarter worth $39,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of J. M. Smucker during the fourth quarter valued at $39,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SJM shares. Stifel Nicolaus lowered their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays lowered their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. 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, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $126.78.

J. M. Smucker Price Performance

NYSE SJM opened at $110.93 on Tuesday. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.59. The firm’s fifty day simple moving average is $106.22 and its two-hundred day simple moving average is $113.33. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11.80 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.91 and a beta of 0.27.

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

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 3.89%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is currently 87.45%.

Insider Buying and Selling

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 shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.40% of the stock is owned by company insiders.

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.