The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 108.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 152,223 shares of the company's stock after acquiring an additional 79,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.14% of J. M. Smucker worth $19,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SJM. Fairfield Bush & CO. lifted its stake in shares of J. M. Smucker by 1.5% in the 1st quarter. Fairfield Bush & CO. now owns 30,551 shares of the company's stock worth $4,137,000 after purchasing an additional 461 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of J. M. Smucker by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company's stock worth $1,963,000 after purchasing an additional 898 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of J. M. Smucker by 1.7% in the 1st quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company's stock worth $45,980,000 after purchasing an additional 5,531 shares during the period. National Pension Service lifted its stake in shares of J. M. Smucker by 1,012.2% in the 1st quarter. National Pension Service now owns 192,636 shares of the company's stock worth $26,085,000 after purchasing an additional 175,315 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of J. M. Smucker by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company's stock worth $1,722,666,000 after purchasing an additional 162,944 shares during the period. Institutional investors own 81.66% of the company's stock.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the firm's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares of the company's stock, valued at $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by insiders.

J. M. Smucker Price Performance

SJM traded up $3.66 during trading on Friday, reaching $114.76. 1,382,863 shares of the company traded hands, compared to its average volume of 1,271,376. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92. The firm has a fifty day simple moving average of $121.08 and a 200 day simple moving average of $120.65. The company has a market cap of $12.19 billion, a P/E ratio of -130.41, a PEG ratio of 1.75 and a beta of 0.21.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $2.21 EPS. The company's revenue was up .6% on a year-over-year basis. On average, equities analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is presently -481.81%.

Analyst Upgrades and Downgrades

SJM has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, April 8th. TD Cowen reduced their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 10th. Barclays increased their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an "equal weight" rating in a report on Thursday, February 29th. Finally, Stifel Nicolaus raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 target price for the company in a report on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $137.47.

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.