The J. M. Smucker Company (NYSE:SJM) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its position in The J. M. Smucker Company (NYSE:SJM) by 30.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,102 shares of the company’s stock after purchasing an additional 254 shares during the quarter. First Horizon Advisors Inc.’s holdings in J. M. Smucker were worth $134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of J. M. Smucker in the first quarter valued at about $364,990,000. Dimensional Fund Advisors LP raised its holdings in J. M. Smucker by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after acquiring an additional 135,158 shares during the last quarter. ProShare Advisors LLC lifted its stake in J. M. Smucker by 14.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after purchasing an additional 192,075 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of J. M. Smucker by 56.0% during the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of J. M. Smucker by 186.3% in the second quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock valued at $90,195,000 after purchasing an additional 523,803 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.5 %

NYSE:SJM opened at $113.30 on Friday. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The stock’s fifty day moving average is $116.57 and its two-hundred day moving average is $115.53. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 3.19 and a beta of 0.25. 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 earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. J. M. Smucker’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the business posted $2.21 EPS. Research analysts anticipate that The J. M. Smucker Company will post 9.79 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced 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. This represents a $4.32 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s payout ratio is currently 61.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SJM shares. Citigroup reduced their price objective 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. Bank of America dropped their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Barclays decreased their target price 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 downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $125.00 in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $127.09.

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.