Sigma Planning Corp Grows Position in The J. M. Smucker Company (NYSE:SJM)

Sigma Planning Corp grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,115 shares of the company’s stock after buying an additional 201 shares during the period. Sigma Planning Corp’s holdings in J. M. Smucker were worth $498,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SJM. Studio Investment Management LLC purchased a new position in J. M. Smucker during the second quarter worth $26,000. Quarry LP increased its position in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in J. M. Smucker during the third quarter worth $39,000. Eastern Bank purchased a new stake in shares of J. M. Smucker in the third quarter valued at $40,000. Finally, Rothschild Investment LLC purchased a new stake in shares of J. M. Smucker in the second quarter valued at $42,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.3 %

Shares of NYSE:SJM opened at $110.74 on Friday. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 3.20 and a beta of 0.25. The company has a 50 day moving average of $117.52 and a two-hundred day moving average of $115.61. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. 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 released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.21 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 3.90%. J. M. Smucker’s dividend payout ratio (DPR) is presently 61.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Bank of America lowered their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Finally, TD Cowen lowered their price objective 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 analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $127.09.

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.