Stephens Inc. AR Sells 958 Shares of The J. M. Smucker Company (NYSE:SJM)

Stephens Inc. AR lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 3.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,750 shares of the company’s stock after selling 958 shares during the period. Stephens Inc. AR’s holdings in J. M. Smucker were worth $2,997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SJM. Assenagon Asset Management S.A. lifted its holdings in J. M. Smucker by 6,703.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after buying an additional 157,523 shares during the period. Cetera Investment Advisers lifted its holdings in J. M. Smucker by 62.0% during the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after buying an additional 9,250 shares during the period. Swedbank AB lifted its holdings in J. M. Smucker by 14.1% during the 2nd 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. Westwood Holdings Group Inc. lifted its holdings in J. M. Smucker by 25.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock worth $7,151,000 after buying an additional 11,622 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in J. M. Smucker by 553.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 8,874 shares of the company’s stock worth $1,117,000 after buying an additional 7,517 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of several recent research reports. DA Davidson reaffirmed a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Wells Fargo & Company dropped their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Bank of America dropped their price objective on 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.42.

J. M. Smucker Stock Performance

Shares of SJM opened at $112.92 on Monday. 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 stock has a 50 day moving average price of $118.25 and a two-hundred day moving average price of $115.68. The firm has a market capitalization of $12.02 billion, a P/E ratio of 15.97, a P/E/G ratio of 3.24 and a beta of 0.25. 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 issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 EPS. Equities analysts forecast that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio is currently 61.10%.

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.