The J. M. Smucker Company (NYSE:SJM) Position Lifted by Sigma Planning Corp

Sigma Planning Corp raised its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,115 shares of the company’s stock after acquiring an additional 201 shares during the quarter. Sigma Planning Corp’s holdings in J. M. Smucker were worth $498,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of J. M. Smucker during the first quarter worth $364,990,000. Bank of Montreal Can increased its holdings in shares of J. M. Smucker by 186.3% in the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after acquiring an additional 523,803 shares during the period. Ariel Investments LLC increased its holdings in shares of J. M. Smucker by 56.0% in the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after acquiring an additional 486,624 shares during the period. Ilex Capital Partners UK LLP acquired a new stake in shares of J. M. Smucker in the 1st quarter worth about $48,207,000. Finally, Champlain Investment Partners LLC increased its holdings in shares of J. M. Smucker by 29.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after acquiring an additional 327,680 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Barclays decreased their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. DA Davidson restated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, Wells Fargo & Company decreased their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $127.09.

J. M. Smucker Price Performance

Shares of SJM opened at $110.74 on Friday. The firm has a market cap of $11.78 billion, a PE ratio of 15.66, a PEG ratio of 3.20 and a beta of 0.25. The firm’s 50 day moving average price is $117.52 and its 200 day moving average price is $115.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 earnings per share. As a group, research analysts expect that The J. M. Smucker Company will post 9.8 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio is 61.10%.

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.