Boston Trust Walden Corp Buys 3,000 Shares of The J. M. Smucker Company (NYSE:SJM)

Boston Trust Walden Corp increased its stake in The J. M. Smucker Company (NYSE:SJM) by 54.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,530 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Boston Trust Walden Corp’s holdings in J. M. Smucker were worth $1,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of J. M. Smucker by 6,703.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after acquiring an additional 157,523 shares during the period. Cetera Investment Advisers lifted its holdings in shares of J. M. Smucker by 62.0% during the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after buying an additional 9,250 shares during the period. Swedbank AB increased its stake in shares of J. M. Smucker by 14.1% in the 2nd quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after purchasing an additional 15,792 shares in the last quarter. Westwood Holdings Group Inc. increased 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 buying an additional 11,622 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its stake 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 worth $1,117,000 after buying an additional 7,517 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

NYSE:SJM opened at $116.07 on Monday. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 3.32 and a beta of 0.24. The firm’s fifty day moving average is $118.99 and its two-hundred day moving average is $115.60.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating 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 company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company earned $2.21 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. Research analysts expect that The J. M. Smucker Company will post 9.81 EPS for the current year.

J. M. Smucker Announces Dividend

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 paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s payout ratio is currently 61.10%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SJM. DA Davidson restated a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Wells Fargo & Company dropped their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Bank of America lowered their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $126.42.

J. M. Smucker Company 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.