The J. M. Smucker Company $SJM Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 83.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,131 shares of the company’s stock after selling 94,634 shares during the period. Nordea Investment Management AB’s holdings in J. M. Smucker were worth $1,784,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker during the 2nd quarter worth about $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of J. M. Smucker in the 2nd quarter valued at about $28,000. Root Financial Partners LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth about $29,000. MUFG Securities EMEA plc acquired a new stake in shares of J. M. Smucker during the 2nd quarter worth about $31,000. Finally, Caldwell Trust Co purchased a new stake in J. M. Smucker during the second quarter worth approximately $52,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of several recent analyst reports. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. Wall Street Zen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Barclays upped their target price on shares of J. M. Smucker from $105.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on shares of J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, Sanford C. Bernstein raised shares of J. M. Smucker from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $121.00 to $145.00 in a research report on Wednesday, March 11th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.21.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $95.00 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $120.76. The stock has a 50 day moving average of $106.28 and a two-hundred day moving average of $104.47. The stock has a market cap of $10.13 billion, a P/E ratio of -8.06, a P/E/G ratio of 3.97 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. On average, research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were paid a $1.10 dividend. The ex-dividend date was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a yield of 4.6%. J. M. Smucker’s payout ratio is currently -37.32%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.