Aviance Capital Partners LLC Has $393,000 Stock Position in The J. M. Smucker Company (NYSE:SJM)

Aviance Capital Partners LLC lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,242 shares of the company’s stock after selling 285 shares during the quarter. Aviance Capital Partners LLC’s holdings in J. M. Smucker were worth $393,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SJM. Joseph Group Capital Management boosted its stake in J. M. Smucker by 21.1% in the 3rd quarter. Joseph Group Capital Management now owns 20,766 shares of the company’s stock worth $2,515,000 after purchasing an additional 3,622 shares during the period. Quest Partners LLC boosted its position in shares of J. M. Smucker by 1,868.3% during the third quarter. Quest Partners LLC now owns 8,188 shares of the company’s stock worth $992,000 after buying an additional 7,772 shares during the period. MAI Capital Management grew its holdings in shares of J. M. Smucker by 14.8% during the third quarter. MAI Capital Management now owns 15,827 shares of the company’s stock worth $1,917,000 after buying an additional 2,046 shares in the last quarter. Swiss National Bank raised its position in J. M. Smucker by 0.5% in the 3rd quarter. Swiss National Bank now owns 315,865 shares of the company’s stock valued at $38,251,000 after buying an additional 1,500 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in J. M. Smucker by 891.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock valued at $70,226,000 after acquiring an additional 521,404 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Citigroup lowered 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. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $127.09.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $111.91 on Wednesday. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 3.06 and a beta of 0.25. 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 J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The company has a 50-day simple moving average of $116.91 and a 200 day simple moving average of $115.55.

J. M. Smucker (NYSE:SJM) last announced 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. 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 analyst estimates of $2.13 billion. During the same quarter last year, the company earned $2.21 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.8 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio is currently 61.10%.

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.