Vontobel Holding Ltd. Has $7.77 Million Position in The J. M. Smucker Company (NYSE:SJM)

Vontobel Holding Ltd. increased its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 30.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 64,199 shares of the company's stock after purchasing an additional 14,896 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.06% of J. M. Smucker worth $7,774,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SJM. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker in the second quarter valued at about $26,000. Quarry LP grew its holdings in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after buying an additional 219 shares during the last quarter. Rothschild Investment LLC acquired a new stake in J. M. Smucker in the 2nd quarter valued at approximately $42,000. Trivant Custom Portfolio Group LLC bought a new position in J. M. Smucker in the 3rd quarter worth approximately $42,000. Finally, Central Valley Advisors LLC acquired a new position in shares of J. M. Smucker during the second quarter worth approximately $45,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE SJM traded up $0.48 during mid-day trading on Friday, hitting $121.73. 808,103 shares of the stock were exchanged, compared to its average volume of 1,173,714. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62. The stock's fifty day simple moving average is $119.09 and its two-hundred day simple moving average is $115.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The company has a market cap of $12.93 billion, a P/E ratio of 17.10, a PEG ratio of 3.13 and a beta of 0.24.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business's revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm posted $2.21 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SJM. BNP Paribas upgraded shares of J. M. Smucker to a "strong sell" rating in a research note on Thursday, August 29th. Wells Fargo & Company decreased their target price on J. M. Smucker from $140.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. TD Cowen lowered their price target on J. M. Smucker from $135.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Bank of America dropped their price objective on shares of 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. Finally, Citigroup decreased their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $127.25.

J. M. Smucker 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.