PGGM Investments Cuts Holdings in The J. M. Smucker Company (NYSE:SJM)

PGGM Investments reduced its position in shares of The J. M. Smucker Company (NYSE:SJM) by 16.8% during the 4th quarter, HoldingsChannel reports. The fund owned 3,702 shares of the company’s stock after selling 746 shares during the period. PGGM Investments’ holdings in J. M. Smucker were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SJM. Wolverine Asset Management LLC grew its holdings in J. M. Smucker by 300.0% in the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Valley National Advisers Inc. increased its holdings in J. M. Smucker by 2,266.7% in the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after acquiring an additional 272 shares in the last quarter. Lindbrook Capital LLC raised its position in 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 period. Planned Solutions Inc. purchased a new position in J. M. Smucker during the fourth quarter valued at $59,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in shares of J. M. Smucker by 23.2% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock valued at $65,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.9 %

Shares of SJM opened at $114.65 on Tuesday. The company’s 50-day moving average price is $119.91 and its 200 day moving average price is $120.71. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.27 by $0.21. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 EPS. Equities research analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current fiscal 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 given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 3.70%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SJM shares. Citigroup cut their price objective on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. 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 report on Thursday, February 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday. DA Davidson began coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $137.47.

About J. M. Smucker

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.