Vontobel Holding Ltd. Acquires 7,947 Shares of The J. M. Smucker Company (NYSE:SJM)

Vontobel Holding Ltd. increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 12.5% during the first quarter, HoldingsChannel.com reports. The fund owned 71,396 shares of the company’s stock after buying an additional 7,947 shares during the quarter. Vontobel Holding Ltd.’s holdings in J. M. Smucker were worth $8,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in J. M. Smucker during the fourth quarter worth $27,000. Minot DeBlois Advisors LLC bought a new stake in J. M. Smucker during the fourth quarter worth $28,000. Measured Risk Portfolios Inc. bought a new stake in J. M. Smucker during the fourth quarter worth $29,000. Menard Financial Group LLC purchased a new stake in J. M. Smucker in the fourth quarter worth $46,000. Finally, Sandy Spring Bank increased its position in J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock worth $47,000 after buying an additional 396 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of J. M. Smucker stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares in the company, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $104.79 on Thursday. The stock has a market cap of $11.16 billion, a PE ratio of -9.06, a price-to-earnings-growth ratio of 7.87 and a beta of 0.31. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The stock has a fifty day moving average of $107.55 and a 200-day moving average of $109.01.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 earnings per share. Equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s payout ratio is -37.37%.

Analyst Ratings Changes

A number of analysts have issued reports on SJM shares. Stifel Nicolaus decreased their target price on J. M. Smucker from $120.00 to $106.00 and set a “hold” rating for the company in a research report on Wednesday, June 11th. Jefferies Financial Group raised J. M. Smucker from a “hold” rating to a “buy” rating and decreased their target price for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. Wall Street Zen raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Barclays decreased their target price on J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 11th. Finally, UBS Group decreased their target price on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $115.80.

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.