Zurcher Kantonalbank Zurich Cantonalbank Has $4.45 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in The J. M. Smucker Company (NYSE:SJM) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,389 shares of the company’s stock after selling 10,640 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in J. M. Smucker were worth $4,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of J. M. Smucker by 40.0% in the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares in the last quarter. State Street Corp raised its holdings in shares of J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after acquiring an additional 762,746 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of J. M. Smucker by 891.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after acquiring an additional 521,404 shares during the last quarter. Raymond James Financial Inc. acquired a new position in J. M. Smucker during the 4th quarter valued at about $32,988,000. Finally, Amundi increased its holdings in J. M. Smucker by 49.3% during the 4th quarter. Amundi now owns 628,381 shares of the company’s stock worth $66,250,000 after purchasing an additional 207,477 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SJM. Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $126.00.

J. M. Smucker Stock Performance

NYSE SJM opened at $111.62 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The company has a market capitalization of $11.88 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59. The company has a 50-day simple moving average of $106.53 and a 200 day simple moving average of $112.65.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) 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 company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. On average, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

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

Insider Transactions 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 dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by corporate insiders.

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.