Greenleaf Trust Buys 792 Shares of The J. M. Smucker Company (NYSE:SJM)

Greenleaf Trust raised its position in shares of The J. M. Smucker Company (NYSE:SJM) by 15.0% in the third quarter, HoldingsChannel reports. The fund owned 6,063 shares of the company’s stock after acquiring an additional 792 shares during the period. Greenleaf Trust’s holdings in J. M. Smucker were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SJM. Assenagon Asset Management S.A. grew its holdings 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 valued at $17,433,000 after buying an additional 157,523 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after acquiring an additional 9,250 shares in the last quarter. Swedbank AB increased its position in J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after acquiring an additional 15,792 shares during the period. Westwood Holdings Group Inc. raised its stake in J. M. Smucker by 25.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock worth $7,151,000 after purchasing an additional 11,622 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in J. M. Smucker by 553.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 8,874 shares of the company’s stock valued at $1,117,000 after purchasing an additional 7,517 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

SJM has been the topic of several recent research reports. DA Davidson reaffirmed a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. TD Cowen cut their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Citigroup decreased their price target on 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. Finally, Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $125.00 in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.42.

J. M. Smucker Trading Down 0.8 %

Shares of J. M. Smucker stock opened at $116.07 on Friday. The firm’s 50 day moving average is $118.99 and its 200 day moving average is $115.59. The firm has a market capitalization of $12.33 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 3.12 and a beta of 0.24. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87.

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, beating analysts’ consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion for 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%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $2.21 earnings per share. Equities research analysts forecast that The J. M. Smucker Company will post 9.82 earnings per share 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. Shareholders of record on Friday, November 15th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 3.72%. J. M. Smucker’s payout ratio is presently 60.67%.

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.