Czech National Bank Has $2.89 Million Position in The J. M. Smucker Company (NYSE:SJM)

Czech National Bank increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,442 shares of the company’s stock after buying an additional 1,371 shares during the quarter. Czech National Bank’s holdings in J. M. Smucker were worth $2,894,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SJM. Capital Advisors Ltd. LLC grew its position in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in J. M. Smucker during the fourth quarter worth approximately $27,000. Kentucky Trust Co acquired a new stake in J. M. Smucker during the fourth quarter worth approximately $28,000. Minot DeBlois Advisors LLC acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $28,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill R. Penrose sold 5,117 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This trade represents a 36.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Down 0.3%

Shares of SJM opened at $112.14 on Thursday. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a fifty day moving average of $114.19 and a 200-day moving average of $111.25.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker’s payout ratio is -179.25%.

Analyst Ratings Changes

A number of brokerages have weighed in on SJM. DA Davidson reduced their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Citigroup reduced their target price on J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Wall Street Zen raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. Barclays reduced their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Finally, Morgan Stanley began coverage on J. M. Smucker in a report on Monday, March 24th. They issued an “overweight” rating and a $123.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $125.70.

About J. M. Smucker

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.