Sequoia Financial Advisors LLC Raises Stock Position in The J. M. Smucker Company (NYSE:SJM)

Sequoia Financial Advisors LLC raised its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,900 shares of the company’s stock after buying an additional 420 shares during the period. Sequoia Financial Advisors LLC’s holdings in J. M. Smucker were worth $1,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Studio Investment Management LLC purchased a new stake in J. M. Smucker during the second quarter valued at $26,000. Quarry LP increased its position in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the last quarter. Trivant Custom Portfolio Group LLC bought a new position in shares of J. M. Smucker in the 3rd quarter worth approximately $42,000. Rothschild Investment LLC purchased a new position in shares of J. M. Smucker in the second quarter worth approximately $42,000. Finally, Central Valley Advisors LLC bought a new stake in J. M. Smucker during the second quarter valued at approximately $45,000. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on SJM shares. Citigroup decreased their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a research report on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Finally, Barclays cut their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $127.25.

J. M. Smucker Stock Down 0.6 %

NYSE SJM opened at $117.04 on Friday. 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 50 day moving average is $119.04 and its 200 day moving average is $115.59. The stock has a market cap of $12.45 billion, a PE ratio of 16.55, a P/E/G ratio of 3.12 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. J. M. Smucker’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 earnings per share. Research analysts predict that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced 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. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. J. M. Smucker’s dividend payout ratio (DPR) is 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.