The J. M. Smucker Company (NYSE:SJM) Shares Acquired by D.B. Root & Company LLC

D.B. Root & Company LLC increased its holdings in The J. M. Smucker Company (NYSE:SJM) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,307 shares of the company’s stock after acquiring an additional 1,085 shares during the quarter. D.B. Root & Company LLC’s holdings in J. M. Smucker were worth $1,127,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Studio Investment Management LLC acquired a new stake in J. M. Smucker during the second quarter valued at approximately $26,000. Quarry LP raised its stake in 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 buying an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker during the third quarter valued at approximately $39,000. Eastern Bank acquired a new stake in J. M. Smucker during the third quarter valued at approximately $40,000. Finally, Rothschild Investment LLC acquired a new stake in J. M. Smucker during the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $115.62 on Thursday. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The stock has a fifty day moving average price of $118.03 and a two-hundred day moving average price of $115.75. 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 $12.30 billion, a P/E ratio of 16.35, a PEG ratio of 3.25 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The business 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 firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 earnings per share. Research analysts forecast that The J. M. Smucker Company will post 9.8 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared 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 3.74%. J. M. Smucker’s dividend payout ratio is 61.10%.

Analysts Set New Price Targets

SJM has been the topic of several research reports. Bank of America cut their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Citigroup dropped their price target 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. TD Cowen dropped their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Stifel Nicolaus cut 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 report on Friday, October 25th. One research 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, the company currently has an average rating of “Hold” and an average price target 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.