Swedbank AB Has $7.26 Million Holdings in The J. M. Smucker Company $SJM

Swedbank AB decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 58.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,284 shares of the company’s stock after selling 105,311 shares during the quarter. Swedbank AB’s holdings in J. M. Smucker were worth $7,260,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. UBS Group AG boosted its position in shares of J. M. Smucker by 238.7% during the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after purchasing an additional 2,765,559 shares in the last quarter. Two Sigma Investments LP boosted its stake in J. M. Smucker by 6,854.4% during the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after acquiring an additional 1,505,991 shares in the last quarter. National Bank of Canada FI grew its holdings in J. M. Smucker by 797.4% in the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after purchasing an additional 1,245,035 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in J. M. Smucker in the third quarter worth $112,944,000. Finally, Norges Bank bought a new stake in J. M. Smucker in the fourth quarter valued at $92,960,000. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SJM. Morgan Stanley increased their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada increased their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a research report on Wednesday, June 10th. Finally, Evercore assumed coverage on J. M. Smucker in a report on Friday, May 15th. They issued an “outperform” rating and a $117.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $121.13.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the transaction, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. The trade was a 8.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the transaction, the insider directly owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. This represents a 25.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,533 shares of company stock worth $2,132,914. 2.80% of the stock is owned by insiders.

J. M. Smucker Stock Up 0.6%

Shares of SJM stock traded up $0.62 during trading hours on Friday, reaching $111.49. The company had a trading volume of 947,128 shares, compared to its average volume of 1,395,426. The company has a market cap of $11.89 billion, a price-to-earnings ratio of -85.76, a price-to-earnings-growth ratio of 1.55 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. The business has a fifty day simple moving average of $106.99 and a 200-day simple moving average of $103.67.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. J. M. Smucker’s revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, research analysts expect that The J. M. Smucker Company will post 9.95 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -338.46%.

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.