1,828 Shares in The J. M. Smucker Company (NYSE:SJM) Bought by Nwam LLC

Nwam LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the third quarter, Holdings Channel reports. The firm purchased 1,828 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in J. M. Smucker by 6,703.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after buying an additional 157,523 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of J. M. Smucker by 62.0% in the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after acquiring an additional 9,250 shares during the last quarter. Swedbank AB grew its stake in shares of J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock valued at $13,915,000 after buying an additional 15,792 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of J. M. Smucker by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock valued at $7,151,000 after buying an additional 11,622 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of J. M. Smucker during the first quarter valued at approximately $554,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SJM. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Bank of America cut their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Citigroup cut their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Finally, DA Davidson reiterated a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $127.09.

J. M. Smucker Trading Up 0.3 %

NYSE SJM opened at $113.65 on Tuesday. 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 company’s fifty day simple moving average is $116.42 and its 200-day simple moving average is $115.55. The stock has a market cap of $12.09 billion, a P/E ratio of 16.07, a PEG ratio of 3.18 and a beta of 0.25. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly 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. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.21 earnings per share. Equities research analysts predict that The J. M. Smucker Company will post 9.79 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. J. M. Smucker’s dividend payout ratio (DPR) 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.