Eqis Capital Management Inc. increased its holdings in shares of J M Smucker Co (NYSE:SJM) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,670 shares of the company’s stock after acquiring an additional 110 shares during the quarter. Eqis Capital Management Inc.’s holdings in J M Smucker were worth $624,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SJM. 1 North Wealth Services LLC acquired a new stake in J M Smucker during the third quarter worth about $28,000. Guinness Asset Management Ltd grew its stake in J M Smucker by 52.7% in the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the last quarter. Whitener Capital Management Inc. grew its stake in J M Smucker by 52.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new position in J M Smucker in the 2nd quarter valued at $37,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in J M Smucker in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.
A number of research analysts recently issued reports on the stock. TheStreet lowered shares of J M Smucker from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Stifel Nicolaus lowered their target price on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Bank of America lowered their target price on shares of J M Smucker from $128.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 28th. Credit Suisse Group lowered shares of J M Smucker from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $100.00 to $95.00 in a research note on Wednesday. Finally, Guggenheim lowered their target price on shares of J M Smucker from $99.00 to $93.00 and set a “sell” rating on the stock in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $114.80.
NYSE SJM opened at $104.49 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.70 and a quick ratio of 0.26. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.37 and a beta of 0.41. The company’s fifty day moving average is $107.25 and its two-hundred day moving average is $114.43. J M Smucker Co has a 52-week low of $91.32 and a 52-week high of $128.43.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.88 billion. J M Smucker had a return on equity of 11.49% and a net margin of 6.95%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, sell-side analysts expect that J M Smucker Co will post 8.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.52 annualized dividend and a yield of 3.37%. J M Smucker’s dividend payout ratio is 42.46%.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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