Swiss National Bank Sells 4,300 Shares of J M Smucker Co (SJM)

Swiss National Bank decreased its position in shares of J M Smucker Co (NYSE:SJM) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 534,299 shares of the company’s stock after selling 4,300 shares during the period. Swiss National Bank’s holdings in J M Smucker were worth $66,381,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SJM. Sit Investment Associates Inc. raised its position in J M Smucker by 234.0% during the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after purchasing an additional 620 shares during the last quarter. Ramsay Stattman Vela & Price Inc. bought a new position in J M Smucker during the 4th quarter worth $200,000. Flagship Harbor Advisors LLC bought a new position in J M Smucker during the 3rd quarter worth $201,000. Well Done LLC bought a new position in J M Smucker during the 3rd quarter worth $201,000. Finally, Stokes & Hubbell Capital Management LLC bought a new position in J M Smucker during the 3rd quarter worth $202,000. 76.10% of the stock is owned by institutional investors and hedge funds.

J M Smucker Co (NYSE SJM) opened at $121.01 on Thursday. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The firm has a market capitalization of $13,750.00, a PE ratio of 24.50, a PEG ratio of 2.03 and a beta of 0.65.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company posted $2.05 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. research analysts predict that J M Smucker Co will post 7.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is presently 63.16%.

Several brokerages recently issued reports on SJM. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. UBS Group raised J M Smucker from a “neutral” rating to a “positive” rating in a research report on Monday, November 13th. Stifel Nicolaus raised their target price on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $110.00 target price on shares of J M Smucker in a research report on Tuesday, November 7th. Finally, Jefferies Group set a $130.00 target price on J M Smucker and gave the stock a “buy” rating in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $127.58.

In other news, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,610 shares of company stock valued at $698,093. Corporate insiders own 3.50% of the company’s stock.

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J M Smucker Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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