Foster & Motley Inc. Sells 9,371 Shares of The J. M. Smucker Company (NYSE:SJM)

Foster & Motley Inc. lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 37.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,829 shares of the company’s stock after selling 9,371 shares during the period. Foster & Motley Inc.’s holdings in J. M. Smucker were worth $1,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Radnor Capital Management LLC bought a new stake in J. M. Smucker during the third quarter worth about $1,174,000. Catalyst Capital Advisors LLC purchased a new position in shares of J. M. Smucker during the third quarter valued at approximately $39,000. Vestor Capital LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter worth approximately $53,000. Intact Investment Management Inc. increased its position in J. M. Smucker by 8.4% during the 3rd quarter. Intact Investment Management Inc. now owns 42,400 shares of the company’s stock valued at $5,135,000 after buying an additional 3,300 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in J. M. Smucker by 5.7% during the third quarter. Van ECK Associates Corp now owns 4,718 shares of the company’s stock valued at $555,000 after buying an additional 255 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

Shares of SJM opened at $115.62 on Thursday. The firm has a market capitalization of $12.30 billion, a P/E ratio of 16.35, a PEG ratio of 3.25 and a beta of 0.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The business has a fifty day moving average of $118.01 and a 200 day moving average of $115.75.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the company posted $2.21 EPS. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.8 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm 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 $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.74%. J. M. Smucker’s payout ratio is presently 61.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SJM shares. TD Cowen cut their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Bank of America cut their price target 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. Finally, Citigroup lowered their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $126.42.

J. M. Smucker 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.