UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in The J. M. Smucker Company (NYSE:SJM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 774,163 shares of the company's stock after selling 3,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of J. M. Smucker worth $85,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waverly Advisors LLC acquired a new stake in J. M. Smucker in the fourth quarter worth about $285,000. Worldquant Millennium Advisors LLC lifted its holdings in shares of J. M. Smucker by 10.6% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 217,253 shares of the company's stock valued at $23,924,000 after purchasing an additional 20,837 shares in the last quarter. Wallace Capital Management Inc. increased its holdings in J. M. Smucker by 4.9% during the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock worth $235,000 after buying an additional 100 shares during the last quarter. Woodline Partners LP bought a new stake in J. M. Smucker in the fourth quarter valued at approximately $704,000. Finally, Visionary Wealth Advisors boosted its stake in shares of J. M. Smucker by 1.5% during the 4th quarter. Visionary Wealth Advisors now owns 60,642 shares of the company's stock worth $6,678,000 after acquiring an additional 870 shares during the period. Institutional investors own 81.66% of the company's stock.

Insider Activity

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction dated 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 $1,022,390.44. The trade was a 36.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on SJM. Jefferies Financial Group reiterated a "hold" rating on shares of J. M. Smucker in a research report on Wednesday. Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. DA Davidson reduced their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. UBS Group initiated coverage on J. M. Smucker in a report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 price objective for the company. Finally, Barclays dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, J. M. Smucker presently has an average rating of "Hold" and a consensus price target of $125.70.

J. M. Smucker Trading Up 0.2%

J. M. Smucker stock traded up $0.27 during mid-day trading on Friday, hitting $112.74. 229,205 shares of the stock were exchanged, compared to its average volume of 1,160,113. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 3.91 and a beta of 0.36. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month 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 firm's fifty day simple moving average is $114.38 and its two-hundred day simple moving average is $111.19.

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 analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

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.