Banque Cantonale Vaudoise Invests $659,000 in The J. M. Smucker Company $SJM

Banque Cantonale Vaudoise acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the fourth quarter, Holdings Channel.com reports. The fund acquired 6,745 shares of the company’s stock, valued at approximately $659,000.

A number of other hedge funds also recently made changes to their positions in SJM. Ashton Thomas Private Wealth LLC lifted its stake in J. M. Smucker by 150.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock worth $6,299,000 after purchasing an additional 34,800 shares during the last quarter. ProShare Advisors LLC lifted its stake in J. M. Smucker by 13.8% in the third quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock worth $169,661,000 after purchasing an additional 188,868 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in J. M. Smucker in the third quarter worth $9,444,000. Neo Ivy Capital Management bought a new stake in J. M. Smucker in the third quarter worth $997,000. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in J. M. Smucker in the fourth quarter worth $1,406,000. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SJM. Wells Fargo & Company lowered their price target on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, April 9th. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective on shares of J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Monday, April 20th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker has an average rating of “Hold” and an average price target of $116.35.

J. M. Smucker Price Performance

Shares of SJM opened at $103.46 on Friday. The stock has a market cap of $11.03 billion, a PE ratio of -8.78, a price-to-earnings-growth ratio of 6.88 and a beta of 0.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The firm’s 50-day simple moving average is $97.65 and its two-hundred day simple moving average is $102.07.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.61 earnings per share. Analysts anticipate that The J. M. Smucker Company will post 9.03 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is -37.32%.

J. M. Smucker Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.