Banque Cantonale Vaudoise Reduces Holdings in The J. M. Smucker Company (NYSE:SJM)

Banque Cantonale Vaudoise lessened its position in shares of The J. M. Smucker Company (NYSE:SJM) by 88.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 303 shares of the company’s stock after selling 2,375 shares during the quarter. Banque Cantonale Vaudoise’s holdings in J. M. Smucker were worth $37,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SJM. Assenagon Asset Management S.A. raised its position in J. M. Smucker by 6,703.1% in the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock valued at $17,433,000 after purchasing an additional 157,523 shares during the period. Cetera Investment Advisers lifted its position in J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after buying an additional 9,250 shares during the last quarter. Swedbank AB boosted its stake in J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after buying an additional 15,792 shares during the period. Westwood Holdings Group Inc. increased its position in shares of J. M. Smucker by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock valued at $7,151,000 after acquiring an additional 11,622 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of J. M. Smucker in the 1st quarter valued at approximately $554,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Trading Down 0.5 %

NYSE SJM opened at $113.30 on Friday. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The firm has a 50 day moving average of $116.57 and a two-hundred day moving average of $115.53. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.06 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 3.19 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm posted $2.21 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. As a group, research analysts expect that The J. M. Smucker Company will post 9.79 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 61.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SJM shares. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Bank of America dropped their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company dropped their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $127.09.

J. M. Smucker Company Profile

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.