GSB Wealth Management LLC Sells 798 Shares of The J. M. Smucker Company (NYSE:SJM)

GSB Wealth Management LLC lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,724 shares of the company’s stock after selling 798 shares during the quarter. GSB Wealth Management LLC’s holdings in J. M. Smucker were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SJM. Boston Partners bought a new position in J. M. Smucker in the 1st quarter worth about $364,990,000. Bank of Montreal Can raised its holdings in shares of J. M. Smucker by 186.3% in the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock valued at $90,195,000 after acquiring an additional 523,803 shares in the last quarter. Ariel Investments LLC raised its holdings in shares of J. M. Smucker by 56.0% in the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after acquiring an additional 486,624 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of J. M. Smucker in the 1st quarter valued at about $48,207,000. Finally, Champlain Investment Partners LLC raised its holdings in shares of J. M. Smucker by 29.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock valued at $183,518,000 after acquiring an additional 327,680 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM stock opened at $113.79 on Wednesday. The firm has a market cap of $12.11 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.32 and a beta of 0.24. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The business’s 50 day moving average price is $118.72 and its 200-day moving average price is $115.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned $2.21 EPS. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.81 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business 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. This represents a $4.32 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is 61.10%.

Analyst Upgrades and Downgrades

SJM has been the topic of several recent analyst reports. Barclays lowered their price target on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Citigroup lowered their price target on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Wells Fargo & Company decreased their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. 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 stock. According to MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average target price of $126.42.

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.