The J. M. Smucker Company (NYSE:SJM) Stock Position Raised by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its stake in The J. M. Smucker Company (NYSE:SJM) by 35.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,851 shares of the company’s stock after acquiring an additional 1,524 shares during the period. J.W. Cole Advisors Inc.’s holdings in J. M. Smucker were worth $709,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its stake in J. M. Smucker by 0.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after buying an additional 93 shares during the last quarter. 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 grew its position in shares of J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after acquiring an additional 99 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of 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 during the period. Finally, 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 valued at $362,000 after purchasing an additional 100 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $113.79 on Wednesday. The firm has a 50-day moving average of $118.72 and a two-hundred day moving average of $115.65. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 3.32 and a beta of 0.24. 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 twelve month low of $105.69 and a twelve month high of $134.62.

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 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 firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $2.21 earnings per share. As a group, analysts expect that The J. M. Smucker Company will post 9.81 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 61.10%.

Wall Street Analyst Weigh In

Several brokerages have commented on SJM. Citigroup dropped 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 note on Thursday, August 29th. Barclays lowered their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Wells Fargo & Company reduced their price target 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. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $125.00 in a report on Friday, October 25th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.