Mn Services Vermogensbeheer B.V. Cuts Stake in The J. M. Smucker Company (NYSE:SJM)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,784 shares of the company's stock after selling 4,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in J. M. Smucker were worth $4,474,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SJM. Vanguard Group Inc. raised its position in shares of J. M. Smucker by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after purchasing an additional 130,533 shares during the last quarter. FMR LLC increased its stake in J. M. Smucker by 11.3% during the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after purchasing an additional 380,309 shares in the last quarter. Geode Capital Management LLC raised its holdings in J. M. Smucker by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock worth $286,664,000 after buying an additional 58,231 shares during the last quarter. Invesco Ltd. lifted its stake in shares of J. M. Smucker by 21.0% in the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock worth $265,942,000 after buying an additional 418,878 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of J. M. Smucker by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock valued at $221,232,000 after buying an additional 33,758 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

NYSE:SJM traded up $1.48 on Wednesday, hitting $95.98. The stock had a trading volume of 2,248,215 shares, compared to its average volume of 1,243,053. The business's 50-day simple moving average is $111.59 and its two-hundred day simple moving average is $110.34. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of -8.30, a price-to-earnings-growth ratio of 7.29 and a beta of 0.35. The J. M. Smucker Company has a 52-week low of $93.41 and a 52-week high of $125.42. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.66 earnings per share. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 4.50%. J. M. Smucker's dividend payout ratio (DPR) is presently -37.37%.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin purchased 1,050 shares of the company's stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director now directly owns 3,825 shares in the company, valued at $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SJM shares. Morgan Stanley reissued an "overweight" rating and set a $124.00 price target (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and reduced their target price for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. Barclays lowered their price target on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. Wall Street Zen upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Finally, UBS Group lowered their target price on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of "Hold" and an average price target of $115.80.

J. M. Smucker Company 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.