Great Valley Advisor Group Inc. Invests $3.27 Million in The J. M. Smucker Company (NYSE:SJM)

Great Valley Advisor Group Inc. acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 3rd quarter, HoldingsChannel reports. The firm acquired 26,971 shares of the company’s stock, valued at approximately $3,266,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Probity Advisors Inc. boosted its holdings in shares of J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the period. Anchor Investment Management LLC boosted its stake in J. M. Smucker by 0.5% in the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after purchasing an additional 99 shares during the period. State of Michigan Retirement System lifted its stake in J. M. Smucker by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock worth $3,659,000 after acquiring an additional 100 shares in the last quarter. Romano Brothers AND Company lifted its position in J. M. Smucker by 3.5% in the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in 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 last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SJM has been the topic of several analyst reports. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $125.00 in a report on Friday, October 25th. DA Davidson reissued a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Citigroup dropped their target price on shares of 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. Finally, TD Cowen decreased their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.09.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $113.30 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The stock’s fifty day simple moving average is $116.57 and its 200 day simple moving average is $115.55. The company has a market capitalization of $12.06 billion, a PE ratio of 16.03, a PEG ratio of 3.18 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping 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 business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the company posted $2.21 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. On average, research analysts predict that The J. M. Smucker Company will post 9.79 EPS for the current year.

J. M. Smucker Announces Dividend

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 $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 3.81%. J. M. Smucker’s dividend 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.