The J. M. Smucker Company (NYSE:SJM) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,808 shares of the company’s stock after selling 12,024 shares during the quarter. Vontobel Holding Ltd.’s holdings in J. M. Smucker were worth $16,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SJM. Fairfield Bush & CO. lifted its holdings in J. M. Smucker by 1.5% in the first quarter. Fairfield Bush & CO. now owns 30,551 shares of the company’s stock valued at $4,137,000 after acquiring an additional 461 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in J. M. Smucker by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company’s stock worth $1,963,000 after acquiring an additional 898 shares in the last quarter. Allianz Asset Management GmbH lifted its position in J. M. Smucker by 1.7% during the 1st quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company’s stock worth $45,980,000 after acquiring an additional 5,531 shares in the last quarter. National Pension Service lifted its position in J. M. Smucker by 1,012.2% during the 1st quarter. National Pension Service now owns 192,636 shares of the company’s stock worth $26,085,000 after acquiring an additional 175,315 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in J. M. Smucker by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after acquiring an additional 162,944 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SJM shares. DA Davidson initiated coverage on J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Citigroup lowered their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Finally, TD Cowen lowered their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.47.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

J. M. Smucker Trading Up 0.5 %

Shares of J. M. Smucker stock opened at $110.20 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of -125.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.21. The business has a fifty day simple moving average of $122.62 and a 200-day simple moving average of $120.93. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the business posted $2.21 earnings per share. J. M. Smucker’s revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker’s dividend payout ratio is -481.81%.

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.