Vontobel Holding Ltd. Sells 12,024 Shares of The J. M. Smucker Company (NYSE:SJM)

Vontobel Holding Ltd. reduced its position in The J. M. Smucker Company (NYSE:SJM) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing 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. owned approximately 0.12% of J. M. Smucker worth $16,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after purchasing an additional 162,944 shares during the period. Geode Capital Management LLC boosted its position in shares of J. M. Smucker by 1.4% in the first quarter. Geode Capital Management LLC now owns 2,284,534 shares of the company’s stock worth $358,727,000 after purchasing an additional 31,412 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of J. M. Smucker by 85,116.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock worth $333,130,000 after purchasing an additional 2,099,830 shares during the period. Invesco Ltd. lifted its holdings in shares of J. M. Smucker by 8.3% in the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock worth $246,525,000 after buying an additional 139,158 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of J. M. Smucker by 14.8% in the fourth quarter. Morgan Stanley now owns 1,531,825 shares of the company’s stock worth $242,733,000 after buying an additional 197,519 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the sale, the insider now owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

J. M. Smucker Trading Up 0.5 %

Shares of SJM opened at $110.20 on Tuesday. The company has a market cap of $11.70 billion, a P/E ratio of -125.23, a P/E/G ratio of 1.75 and a beta of 0.21. The company’s fifty day simple moving average is $122.62 and its 200-day simple moving average is $120.93. The J. M. Smucker Company has a twelve month low of $107.33 and a twelve month high of $159.92. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.27 by $0.21. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. J. M. Smucker’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $2.21 EPS. As a group, analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Dividend Announcement

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

Analyst Upgrades and Downgrades

SJM has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Wednesday, February 28th. Barclays boosted their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Citigroup lowered their target price on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Finally, DA Davidson initiated coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They set a “neutral” rating and a $132.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $137.47.

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.