ING Groep NV Invests $1.84 Million in The J. M. Smucker Company (NYSE:SJM)

ING Groep NV acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,530 shares of the company's stock, valued at approximately $1,836,000.

Other large investors have also bought and sold shares of the company. Wolverine Asset Management LLC raised its position in shares of J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company's stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Advantage Trust Co bought a new position in shares of J. M. Smucker during the fourth quarter worth about $25,000. Valley National Advisers Inc. raised its position in shares of J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company's stock worth $35,000 after acquiring an additional 272 shares during the last quarter. Principal Securities Inc. bought a new position in shares of J. M. Smucker during the fourth quarter worth about $43,000. Finally, Lindbrook Capital LLC raised its position in shares of J. M. Smucker by 77.1% during the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company's stock worth $52,000 after acquiring an additional 178 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of research analyst reports. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, April 29th. Barclays raised their price objective on J. M. Smucker from $129.00 to $132.00 and gave the company an "equal weight" rating in a research note on Thursday, February 29th. TD Cowen reduced their price objective on J. M. Smucker from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. Stifel Nicolaus raised J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price objective for the company in a research note on Wednesday, February 28th. Finally, DA Davidson assumed coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a "neutral" rating and a $132.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, J. M. Smucker currently has an average rating of "Hold" and an average target price of $137.47.

J. M. Smucker Stock Performance

SJM stock traded down $0.24 during midday trading on Wednesday, hitting $111.82. The company's stock had a trading volume of 1,432,039 shares, compared to its average volume of 1,250,079. The stock's 50-day moving average price is $117.22 and its 200 day moving average price is $120.79. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $156.03.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The business's revenue was up .6% on a year-over-year basis. As a group, research analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.79%. J. M. Smucker's payout ratio is presently -481.81%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the sale, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company's stock.

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.