The J. M. Smucker Company (NYSE:SJM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,836 shares of the company’s stock after selling 12,093 shares during the period. BNP Paribas Financial Markets’ holdings in J. M. Smucker were worth $11,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Studio Investment Management LLC acquired a new stake in J. M. Smucker in the second quarter worth approximately $26,000. Venturi Wealth Management LLC increased its position in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the period. Quarry LP raised its stake in shares of J. M. Smucker by 212.6% in the 2nd 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 acquired a new stake in shares of J. M. Smucker in the third quarter valued at $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker during the third quarter valued at about $40,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on SJM. TD Cowen cut their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $125.00 in a report on Friday, October 25th. Citigroup decreased their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Barclays upped their target price on J. M. Smucker from $121.00 to $126.00 and gave the company an “equal weight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $128.00.

J. M. Smucker Trading Down 0.2 %

Shares of NYSE SJM opened at $117.79 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.25 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The business has a 50-day moving average price of $116.34 and a two-hundred day moving average price of $115.64. The firm has a market capitalization of $12.53 billion, a PE ratio of 23.84, a PEG ratio of 3.29 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company posted $2.59 earnings per share. As a group, analysts predict that The J. M. Smucker Company will post 9.87 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

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.