Nwam LLC Makes New Investment in The J. M. Smucker Company (NYSE:SJM)

Nwam LLC bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,828 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also bought and sold shares of SJM. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker during the 2nd quarter worth $26,000. Venturi Wealth Management LLC increased its holdings in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares during the last quarter. Quarry LP raised its position in J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new position in J. M. Smucker in the third quarter valued at about $39,000. Finally, Eastern Bank bought a new position in shares of J. M. Smucker during the 3rd quarter valued at approximately $40,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SJM shares. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. DA Davidson reaffirmed a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. TD Cowen decreased their price objective on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $125.00 in a report on Friday, October 25th. Finally, Citigroup reduced their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have given 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 $127.09.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $113.65 on Tuesday. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The stock has a market cap of $12.09 billion, a P/E ratio of 16.07, a P/E/G ratio of 3.18 and a beta of 0.25. The company has a 50 day moving average of $116.42 and a 200 day moving average of $115.55.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.21 earnings per share. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.79 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. J. M. Smucker’s dividend payout ratio (DPR) is presently 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.