ING Groep NV significantly increased its holdings in The J. M. Smucker Company (NYSE:SJM) by 684.9% in the third quarter, now owning 176,819 shares worth $19.2 million. Other institutional investors also adjusted their positions in SJM, with hedge funds and institutional investors collectively owning 81.66% of the company’s stock. Analysts have a mixed outlook on J. M. Smucker, with an average “Hold” rating and a consensus price target of $114.93, while the company recently announced a quarterly dividend of $1.10 per share.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ING Groep NV Increases Stock Holdings in The J. M. Smucker Company $SJM
ING Groep NV significantly increased its holdings in The J. M. Smucker Company (NYSE:SJM) by 684.9% in the third quarter, now owning 176,819 shares worth $19.2 million. Other institutional investors also adjusted their positions in SJM, with hedge funds and institutional investors collectively owning 81.66% of the company’s stock. Analysts have a mixed outlook on J. M. Smucker, with an average “Hold” rating and a consensus price target of $114.93, while the company recently announced a quarterly dividend of $1.10 per share.