The J. M. Smucker Company (NYSE:SJM) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,092 shares of the company's stock after purchasing an additional 7,825 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of J. M. Smucker worth $7,058,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SJM. Salem Investment Counselors Inc. increased its holdings in shares of J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company's stock valued at $73,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company's stock worth $301,000 after acquiring an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock worth $203,000 after acquiring an additional 115 shares during the period. Mendel Money Management boosted its position in shares of J. M. Smucker by 3.1% during the 4th quarter. Mendel Money Management now owns 3,933 shares of the company's stock valued at $433,000 after acquiring an additional 117 shares during the last quarter. Finally, Code Waechter LLC grew its holdings in shares of J. M. Smucker by 2.5% in the fourth quarter. Code Waechter LLC now owns 5,023 shares of the company's stock valued at $553,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

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J. M. Smucker Trading Down 2.8 %

NYSE:SJM traded down $3.29 on Friday, reaching $115.03. 1,550,735 shares of the company's stock were exchanged, compared to its average volume of 1,176,832. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The business has a fifty day moving average of $109.70 and a 200-day moving average of $112.14.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.76%. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now owns 8,794 shares of the company's stock, valued at $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade 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.

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 target price on the stock. TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Barclays cut their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $125.67.

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.