EP Wealth Advisors LLC Invests $226,000 in The J. M. Smucker Company (NYSE:SJM)

EP Wealth Advisors LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,867 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors have also modified their holdings of SJM. Raymond James Trust N.A. grew its holdings in shares of J. M. Smucker by 6.8% during the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after purchasing an additional 310 shares during the last quarter. FMR LLC grew its stake in J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after buying an additional 958,142 shares during the last quarter. Swedbank AB increased its position in J. M. Smucker by 14.1% in the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after buying an additional 15,792 shares during the period. Great Valley Advisor Group Inc. bought a new stake in J. M. Smucker in the third quarter valued at $3,266,000. Finally, Stoneridge Investment Partners LLC acquired a new position in shares of J. M. Smucker during the second quarter valued at $1,565,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SJM. Citigroup dropped their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Bank of America dropped 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 research note on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, TD Cowen reduced their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $128.56.

J. M. Smucker Price Performance

NYSE:SJM opened at $113.53 on Friday. 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 business’s 50-day moving average price is $115.68 and its 200 day moving average price is $115.90. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The firm has a market cap of $12.08 billion, a P/E ratio of 22.98, a PEG ratio of 3.46 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $2.59 earnings per share. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $1.08 per share. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 3.81%. J. M. Smucker’s payout ratio is presently 87.45%.

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.