The J. M. Smucker Company (NYSE:SJM) Position Boosted by Blue Trust Inc.

Blue Trust Inc. boosted its position in The J. M. Smucker Company (NYSE:SJM) by 11.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,032 shares of the company’s stock after buying an additional 102 shares during the period. Blue Trust Inc.’s holdings in J. M. Smucker were worth $125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Resonant Capital Advisors LLC increased its holdings in shares of J. M. Smucker by 0.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock valued at $1,803,000 after acquiring an additional 93 shares during the last quarter. Probity Advisors Inc. boosted its holdings in J. M. Smucker by 1.1% in the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock worth $1,065,000 after purchasing an additional 96 shares during the period. Anchor Investment Management LLC increased its stake in J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock valued at $2,158,000 after purchasing an additional 99 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of J. M. Smucker by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock worth $3,659,000 after buying an additional 100 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in shares of J. M. Smucker by 3.5% in the 3rd quarter. Fulton Bank N.A. now owns 3,178 shares of the company’s stock valued at $385,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SJM shares. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Wells Fargo & Company dropped their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $125.00 in a research report on Friday. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.42.

J. M. Smucker Stock Performance

Shares of SJM opened at $115.46 on Tuesday. 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 capitalization of $12.29 billion, a PE ratio of 16.33, a P/E/G ratio of 3.32 and a beta of 0.24. The firm has a 50-day moving average price of $118.88 and a 200 day moving average price of $115.62. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $2.21 earnings per share. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.81 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.74%. J. M. Smucker’s dividend payout ratio (DPR) is 61.10%.

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.