Mutual of America Capital Management LLC Sells 283 Shares of The J. M. Smucker Company (NYSE:SJM)

Mutual of America Capital Management LLC decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,119 shares of the company’s stock after selling 283 shares during the quarter. Mutual of America Capital Management LLC’s holdings in J. M. Smucker were worth $1,589,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker in the second quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after buying an additional 226 shares in the last quarter. Quarry LP increased its position in J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker during the third quarter worth $39,000. Finally, Eastern Bank bought a new stake in shares of J. M. Smucker in the third quarter valued at about $40,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on SJM shares. TD Cowen lowered 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 report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. Wells Fargo & Company cut their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note 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 on the stock in a research note on Thursday, August 29th. Finally, Citigroup cut their target price on J. M. Smucker from $138.00 to $136.00 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 assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $127.09.

J. M. Smucker Trading Up 0.3 %

Shares of SJM opened at $113.65 on Tuesday. 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 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 cap of $12.09 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 3.18 and a beta of 0.25. The business’s fifty day moving average is $116.42 and its 200-day moving average is $115.55.

J. M. Smucker (NYSE:SJM) last released its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 earnings per share. Equities analysts anticipate that The J. M. Smucker Company will post 9.79 EPS 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. Investors of record on Friday, November 15th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s payout ratio 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.