Swedbank AB Buys 27,272 Shares of The J. M. Smucker Company $SJM

Swedbank AB grew its stake in The J. M. Smucker Company (NYSE:SJM) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,595 shares of the company’s stock after purchasing an additional 27,272 shares during the quarter. Swedbank AB owned approximately 0.17% of J. M. Smucker worth $17,664,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of J. M. Smucker in the third quarter valued at approximately $29,000. CYBER HORNET ETFs LLC bought a new position in shares of J. M. Smucker in the second quarter valued at approximately $27,000. MUFG Securities EMEA plc bought a new position in shares of J. M. Smucker in the second quarter valued at approximately $31,000. Rothschild Investment LLC lifted its holdings in J. M. Smucker by 100.4% during the third quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock worth $62,000 after acquiring an additional 284 shares during the period. Finally, IFP Advisors Inc lifted its holdings in J. M. Smucker by 22.9% during the third quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after acquiring an additional 109 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

NYSE:SJM opened at $103.46 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The business has a fifty day simple moving average of $97.60 and a two-hundred day simple moving average of $102.06. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39. The company has a market capitalization of $11.03 billion, a P/E ratio of -8.78, a P/E/G ratio of 6.98 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released 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. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business posted $2.61 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts expect that The J. M. Smucker Company will post 9.03 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Evercore assumed coverage on J. M. Smucker in a report on Friday, May 15th. They set an “outperform” rating and a $117.00 price target on the stock. Wall Street Zen lowered J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a report on Thursday, April 9th. Finally, BTIG Research assumed coverage on J. M. Smucker in a report on Monday, April 13th. They set a “buy” rating and a $120.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $116.35.

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.