The J. M. Smucker Company (NYSE:SJM) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 300,565 shares of the company's stock after selling 15,300 shares during the quarter. Swiss National Bank owned about 0.28% of J. M. Smucker worth $33,098,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SJM. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock valued at $29,000 after purchasing an additional 226 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in J. M. Smucker by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,042 shares of the company's stock valued at $37,909,000 after purchasing an additional 3,934 shares during the period. Victory Capital Management Inc. grew its holdings in J. M. Smucker by 281.1% in the third quarter. Victory Capital Management Inc. now owns 152,112 shares of the company's stock valued at $18,421,000 after purchasing an additional 112,195 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in J. M. Smucker during the third quarter worth approximately $207,000. Finally, CIBC Asset Management Inc grew its stake in J. M. Smucker by 6.9% during the third quarter. CIBC Asset Management Inc now owns 18,139 shares of the company's stock worth $2,197,000 after buying an additional 1,176 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

SJM has been the subject of several research reports. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. DA Davidson decreased their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $126.00.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction on Thursday, March 13th. The shares were 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 represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Stock Down 0.8 %

Shares of NYSE SJM traded down $0.89 during trading on Thursday, reaching $109.27. 1,185,255 shares of the stock were exchanged, compared to its average volume of 1,121,353. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The business's 50-day moving average price is $106.74 and its 200 day moving average price is $112.52. 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 J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.59.

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

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.95%. J. M. Smucker's dividend payout ratio is presently -179.25%.

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.