ING Groep NV Increases Stock Holdings in The J. M. Smucker Company $SJM

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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.

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