Cantor Fitzgerald Investment Advisors L.P. Acquires 673 Shares of The J. M. Smucker Company (NYSE:SJM)

Cantor Fitzgerald Investment Advisors L.P. grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 0.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 123,382 shares of the company’s stock after buying an additional 673 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in J. M. Smucker were worth $14,942,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Studio Investment Management LLC bought a new stake in J. M. Smucker during the 2nd quarter valued at $26,000. Quarry LP raised its holdings 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 purchasing an additional 219 shares in the last quarter. Eastern Bank purchased a new stake in shares of J. M. Smucker during the third quarter valued at about $40,000. Rothschild Investment LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter valued at about $42,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in shares of J. M. Smucker in the 3rd quarter worth approximately $42,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SJM has been the subject of several recent analyst reports. TD Cowen lowered their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Citigroup reduced 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. Wells Fargo & Company lowered their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Barclays cut their price objective on shares of 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. Finally, Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $135.00 to $125.00 in a research note on Friday. One investment 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 data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average price target of $126.42.

J. M. Smucker Trading Down 0.5 %

Shares of SJM opened at $115.46 on Tuesday. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The stock has a market cap of $12.29 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 3.32 and a beta of 0.24. The firm’s fifty day moving average is $118.88 and its two-hundred day moving average is $115.62. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM) last announced 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. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm 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 business posted $2.21 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. Research analysts forecast that The J. M. Smucker Company will post 9.81 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.74%. J. M. Smucker’s dividend payout ratio (DPR) is 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.