Vontobel Holding Ltd. Sells 750 Shares of The J. M. Smucker Company (NYSE:SJM)

Vontobel Holding Ltd. decreased its position in The J. M. Smucker Company (NYSE:SJM) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,449 shares of the company’s stock after selling 750 shares during the quarter. Vontobel Holding Ltd.’s holdings in J. M. Smucker were worth $6,987,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its stake in shares of 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 acquiring an additional 1,303 shares in the last quarter. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter worth $28,000. Edmp Inc. grew its stake in shares of J. M. Smucker by 1.4% in the 4th quarter. Edmp Inc. now owns 10,703 shares of the company’s stock worth $1,179,000 after acquiring an additional 145 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in J. M. Smucker by 7.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 25,708 shares of the company’s stock valued at $2,831,000 after buying an additional 1,892 shares during the period. Finally, Empowered Funds LLC grew its position in J. M. Smucker by 9.4% during the fourth quarter. Empowered Funds LLC now owns 10,103 shares of the company’s stock valued at $1,113,000 after buying an additional 866 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SJM shares. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays reduced their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average price target of $126.78.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.40% of the company’s stock.

J. M. Smucker Price Performance

NYSE SJM opened at $102.07 on Friday. The company has a market cap of $10.86 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $127.59. 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 50-day simple moving average is $107.27 and its two-hundred day simple moving average is $113.97.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.59 earnings per share. Research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. J. M. Smucker’s payout ratio is currently 87.45%.

J. M. Smucker Company 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.