Czech National Bank Purchases 1,390 Shares of The J. M. Smucker Company (NYSE:SJM)

Czech National Bank grew its position in The J. M. Smucker Company (NYSE:SJM) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,071 shares of the company’s stock after purchasing an additional 1,390 shares during the quarter. Czech National Bank’s holdings in J. M. Smucker were worth $2,541,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its position in J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after acquiring an additional 762,746 shares during the last quarter. FMR LLC boosted its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of J. M. Smucker by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after purchasing an additional 135,158 shares in the last quarter. ProShare Advisors LLC grew its stake in J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after purchasing an additional 192,075 shares during the period. Finally, Nordea Investment Management AB increased its holdings in J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $102.65 on Friday. The company has a market cap of $10.92 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.28. 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 J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. The business has a 50 day moving average price of $111.82 and a 200-day moving average price of $115.53.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the business earned $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Equities analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.21%. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SJM. Wells Fargo & Company raised their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $125.00 in a report on Friday, October 25th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Barclays decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $127.33.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

About J. M. Smucker

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.