IFM Investors Pty Ltd Sells 403 Shares of The J. M. Smucker Company (NYSE:SJM)

IFM Investors Pty Ltd lessened its position in The J. M. Smucker Company (NYSE:SJM) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 22,276 shares of the company’s stock after selling 403 shares during the period. IFM Investors Pty Ltd’s holdings in J. M. Smucker were worth $2,698,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Aviance Capital Partners LLC purchased a new position in J. M. Smucker in the 1st quarter worth about $490,000. Diversified Trust Co increased its stake in J. M. Smucker by 15.0% in the 1st quarter. Diversified Trust Co now owns 6,594 shares of the company’s stock worth $830,000 after buying an additional 858 shares during the period. SeaCrest Wealth Management LLC purchased a new position in J. M. Smucker in the 1st quarter worth about $201,000. KFG Wealth Management LLC purchased a new position in J. M. Smucker in the 1st quarter worth about $233,000. Finally, Abundance Wealth Counselors increased its stake in J. M. Smucker by 10.9% in the 1st quarter. Abundance Wealth Counselors now owns 14,569 shares of the company’s stock worth $1,834,000 after buying an additional 1,430 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

SJM has been the topic of several recent analyst reports. TD Cowen reduced their price target on shares of 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. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Citigroup cut their target price on shares of 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. Bank of America cut their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Finally, DA Davidson reissued a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average target price of $126.42.

J. M. Smucker Stock Down 0.8 %

NYSE:SJM opened at $116.07 on Monday. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The stock has a market capitalization of $12.33 billion, a P/E ratio of 16.30, a P/E/G ratio of 3.12 and a beta of 0.24. 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 company’s 50-day simple moving average is $118.99 and its 200-day simple moving average is $115.60.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $2.21 EPS. The company’s revenue was up 17.7% compared to the same quarter last year. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 60.67%.

About J. M. Smucker

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.