Mount Yale Investment Advisors LLC Raises Holdings in The J. M. Smucker Company (NYSE:SJM)

Mount Yale Investment Advisors LLC increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 4.9% during the third quarter, HoldingsChannel reports. The firm owned 3,260 shares of the company’s stock after buying an additional 151 shares during the period. Mount Yale Investment Advisors LLC’s holdings in J. M. Smucker were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SJM. Studio Investment Management LLC purchased a new position in J. M. Smucker in the 2nd quarter worth about $26,000. Quarry LP raised its holdings in shares of J. M. Smucker by 212.6% during the second 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. Eastern Bank bought a new position in J. M. Smucker during the third quarter valued at approximately $40,000. Trivant Custom Portfolio Group LLC purchased a new stake in J. M. Smucker in the third quarter worth approximately $42,000. Finally, Rothschild Investment LLC bought a new stake in J. M. Smucker in the 2nd quarter worth approximately $42,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $125.00 in a research note on Friday. Citigroup dropped their target price 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. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, Wells Fargo & Company reduced their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. One equities research 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’s stock. According to MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average target price of $126.42.

J. M. Smucker Price Performance

NYSE:SJM opened at $116.07 on Monday. The stock has a market cap of $12.33 billion, a PE ratio of 16.30, a P/E/G ratio of 3.12 and a beta of 0.24. 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 business’s 50-day simple moving average is $118.99 and its two-hundred day simple moving average is $115.60. 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 issued its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company earned $2.21 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, analysts forecast that The J. M. Smucker Company will post 9.82 EPS 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. Investors of record on Friday, November 15th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.72%. J. M. Smucker’s payout ratio is 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.