The J. M. Smucker Company (NYSE:SJM) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in The J. M. Smucker Company (NYSE:SJM) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,404 shares of the company’s stock after purchasing an additional 936 shares during the quarter. D.A. Davidson & CO.’s holdings in J. M. Smucker were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new position in J. M. Smucker in the 2nd quarter valued at about $26,000. Venturi Wealth Management LLC increased its stake in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares during the last quarter. Quarry LP increased its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after acquiring an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker during the 3rd quarter valued at about $39,000. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $118.00 on Friday. The stock has a market cap of $12.56 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 3.37 and a beta of 0.25. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average of $116.38 and a 200-day moving average of $115.60. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.33% and a net margin of 5.96%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. On average, analysts expect that The J. M. Smucker Company will post 9.79 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. Investors of record on Friday, November 15th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SJM shares. Wells Fargo & Company upped their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen dropped their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Citigroup dropped their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $127.55.

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.