Crossmark Global Holdings Inc. Sells 446 Shares of The J. M. Smucker Company (NYSE:SJM)

Crossmark Global Holdings Inc. decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,040 shares of the company’s stock after selling 446 shares during the period. Crossmark Global Holdings Inc.’s holdings in J. M. Smucker were worth $731,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Probity Advisors Inc. boosted its holdings in shares of J. M. Smucker by 1.1% during the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock worth $1,065,000 after buying an additional 96 shares in the last quarter. Anchor Investment Management LLC boosted 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 worth $2,158,000 after acquiring an additional 99 shares in the last quarter. State of Michigan Retirement System grew its holdings in J. M. Smucker by 0.3% in the second quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock worth $3,659,000 after purchasing an additional 100 shares during the period. Romano Brothers AND Company increased its stake in J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of J. M. Smucker by 11.0% during the third quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SJM. Citigroup reduced their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. TD Cowen lowered their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company lowered their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $127.09.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $106.92 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The firm has a 50-day moving average of $117.25 and a 200-day moving average of $115.56. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The company has a market cap of $11.38 billion, a P/E ratio of 15.12, a P/E/G ratio of 3.18 and a beta of 0.25.

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 the consensus estimate 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 firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $2.21 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts forecast that The J. M. Smucker Company will post 9.8 EPS 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 given a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.04%. J. M. Smucker’s dividend payout ratio is currently 61.10%.

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.