Swiss National Bank Sells 15,300 Shares of The J. M. Smucker Company (NYSE:SJM)

Swiss National Bank trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,565 shares of the company’s stock after selling 15,300 shares during the period. Swiss National Bank owned about 0.28% of J. M. Smucker worth $33,098,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares during the last quarter. FMR LLC grew its holdings in J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after purchasing an additional 958,142 shares during the last quarter. Nordea Investment Management AB grew its holdings in J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after purchasing an additional 192,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in J. M. Smucker by 1.3% during the 4th 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in J. M. Smucker by 13.8% in the 4th quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company’s stock valued at $107,677,000 after buying an additional 118,240 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

Shares of SJM opened at $111.62 on Monday. The company has a 50 day moving average price of $106.53 and a 200-day moving average price of $112.58. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. The stock has a market capitalization of $11.88 billion, a PE ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.28. 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) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.87%. J. M. Smucker’s payout ratio is -179.25%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, 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 transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SJM. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Barclays lowered their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company boosted their price objective 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. DA Davidson lowered their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $126.00.

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.