Mn Services Vermogensbeheer B.V. Has $8.40 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Posted by Defense World Staff on Jul 14th, 2023

Mn Services Vermogensbeheer B.V. lifted its holdings in The J. M. Smucker Company (NYSE:SJM – Free Report) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,384 shares of the company’s stock after buying an additional 1,600 shares during the period. Mn Services Vermogensbeheer B.V. owned about 0.05% of J. M. Smucker worth $8,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SJM. Eagle Bay Advisors LLC acquired a new stake in shares of J. M. Smucker in the second quarter worth $27,000. Destiny Wealth Partners LLC raised its holdings in shares of J. M. Smucker by 295.7% during the fourth quarter. Destiny Wealth Partners LLC now owns 182 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of J. M. Smucker by 59.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 187 shares of the company’s stock worth $29,000 after acquiring an additional 70 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of J. M. Smucker during the fourth quarter worth $30,000. Finally, Beacon Capital Management LLC raised its holdings in shares of J. M. Smucker by 224.2% during the fourth quarter. Beacon Capital Management LLC now owns 201 shares of the company’s stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

J. M. Smucker Trading Up 0.3 %

Shares of NYSE:SJM opened at $147.63 on Friday. The company has a market cap of $15.07 billion, a P/E ratio of -158.74, a P/E/G ratio of 3.04 and a beta of 0.22. The stock’s 50-day moving average is $150.69 and its 200-day moving average is $152.25. The J. M. Smucker Company has a 52-week low of $125.82 and a 52-week high of $163.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 1.44.

J. M. Smucker (NYSE:SJM – Get Free Report) last issued its quarterly earnings results on Tuesday, June 6th. The company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.23. J. M. Smucker had a positive return on equity of 11.89% and a negative net margin of 1.07%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business posted $2.23 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts predict that The J. M. Smucker Company will post 9.52 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Thursday, May 11th. J. M. Smucker’s dividend payout ratio (DPR) is presently -438.71%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SJM shares. Sanford C. Bernstein increased their price objective on J. M. Smucker from $135.00 to $142.00 in a report on Wednesday, June 7th. Bank of America increased their price objective on J. M. Smucker from $168.00 to $170.00 in a report on Wednesday, June 7th. StockNews.com initiated coverage on J. M. Smucker in a report on Thursday, May 18th. They set a “hold” rating on the stock. Stifel Nicolaus cut their target price on J. M. Smucker from $168.00 to $160.00 in a report on Wednesday, June 7th. Finally, Barclays cut their target price on J. M. Smucker from $165.00 to $160.00 in a report on Thursday, June 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $154.42.

Insider Buying and Selling

In related news, Director Richard K. Smucker sold 19,576 shares of J. M. Smucker stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $151.95, for a total transaction of $2,974,573.20. Following the sale, the director now directly owns 623,605 shares of the company’s stock, valued at $94,756,779.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other J. M. Smucker news, insider Jill R. Penrose sold 3,009 shares of J. M. Smucker stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $153.65, for a total transaction of $462,332.85. Following the sale, the insider now directly owns 6,058 shares of the company’s stock, valued at $930,811.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard K. Smucker sold 19,576 shares of J. M. Smucker stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $151.95, for a total value of $2,974,573.20. Following the sale, the director now directly owns 623,605 shares in the company, valued at $94,756,779.75. The disclosure for this sale can be found here. Insiders have sold a total of 42,550 shares of company stock valued at $6,443,176 over the last three months. 3.50% of the stock is owned by corporate insiders.

About J. M. Smucker

(Free Report)

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.