The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,396 shares of the company's stock after buying an additional 7,947 shares during the period. Vontobel Holding Ltd. owned approximately 0.07% of J. M. Smucker worth $8,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kennon Green & Company LLC purchased a new stake in J. M. Smucker during the 1st quarter valued at about $216,000. New York State Teachers Retirement System grew its stake in J. M. Smucker by 1.7% during the 1st quarter. New York State Teachers Retirement System now owns 84,064 shares of the company's stock valued at $9,954,000 after purchasing an additional 1,403 shares during the last quarter. Amalgamated Bank grew its stake in J. M. Smucker by 1.5% during the 1st quarter. Amalgamated Bank now owns 20,714 shares of the company's stock valued at $2,453,000 after purchasing an additional 299 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in J. M. Smucker by 2.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 332,382 shares of the company's stock valued at $39,357,000 after purchasing an additional 8,001 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in J. M. Smucker by 22.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,090 shares of the company's stock valued at $2,570,000 after purchasing an additional 4,018 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SJM. DA Davidson cut their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and cut their price objective for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. UBS Group cut their price objective 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. Stifel Nicolaus lowered their target price on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research note on Wednesday, June 11th. Finally, Wall Street Zen upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $115.80.

J. M. Smucker Stock Performance

Shares of SJM traded down $1.01 during mid-day trading on Friday, reaching $103.82. The company had a trading volume of 1,095,162 shares, compared to its average volume of 1,292,105. The stock has a market capitalization of $11.06 billion, a P/E ratio of -8.98, a PEG ratio of 7.84 and a beta of 0.31. The stock has a 50 day moving average of $107.09 and a two-hundred day moving average of $108.88. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. J. M. Smucker's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.66 earnings per share. On average, analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a dividend of $1.08 per share. The ex-dividend date was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 4.16%. J. M. Smucker's dividend payout ratio is currently -37.37%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This trade represents a 37.84% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate 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.