3,906 Shares in The J. M. Smucker Company (NYSE:SJM) Acquired by Fiera Capital Corp

Fiera Capital Corp acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,906 shares of the company’s stock, valued at approximately $473,000.

Several other large investors have also made changes to their positions in SJM. Studio Investment Management LLC acquired a new stake in J. M. Smucker during the second quarter worth about $26,000. Catalyst Capital Advisors LLC purchased a new stake in J. M. Smucker in the 3rd quarter worth approximately $39,000. Quarry LP grew its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the period. Eastern Bank purchased a new position in shares of J. M. Smucker during the 3rd quarter valued at approximately $40,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $42,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. 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 report on Thursday, August 29th. DA Davidson restated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. 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 report on Thursday, August 29th. Bank of America dropped their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.42.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $115.45 on Monday. The company has a fifty day simple moving average of $118.07 and a 200-day simple moving average of $115.70. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.30 and a beta of 0.25. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. 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 released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.21 EPS. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.8 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is currently 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.