Tobam Has $1.39 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Tobam lowered its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 73.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,726 shares of the company's stock after selling 32,455 shares during the quarter. Tobam's holdings in J. M. Smucker were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in J. M. Smucker by 1.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 73,222 shares of the company's stock worth $8,100,000 after buying an additional 1,303 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of J. M. Smucker by 39.6% in the fourth quarter. Private Advisor Group LLC now owns 17,471 shares of the company's stock worth $1,924,000 after purchasing an additional 4,960 shares in the last quarter. Sandy Spring Bank grew its stake in shares of J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of J. M. Smucker by 124.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock valued at $1,471,000 after purchasing an additional 7,414 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of J. M. Smucker by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company's stock valued at $110,455,000 after purchasing an additional 12,410 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Trading Down 1.7%

Shares of NYSE:SJM traded down $1.64 during midday trading on Friday, reaching $95.73. The company had a trading volume of 2,925,751 shares, compared to its average volume of 1,233,265. The company has a fifty day simple moving average of $112.57 and a two-hundred day simple moving average of $110.88. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $93.93 and a 1-year high of $125.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company's revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $2.66 EPS. Research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is presently -37.37%.

Wall Street Analyst Weigh In

Several research firms have commented on SJM. UBS Group lowered their target price on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Barclays lowered their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their target price on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday. Citigroup decreased their price target on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price target on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, J. M. Smucker has an average rating of "Hold" and a consensus target price of $117.55.

Insiders Place Their Bets

In related news, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tarang Amin bought 1,050 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, the director now directly owns 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.40% of the company's stock.

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.