Great Valley Advisor Group Inc. Makes New $3.27 Million Investment in The J. M. Smucker Company (NYSE:SJM)

Great Valley Advisor Group Inc. bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,971 shares of the company’s stock, valued at approximately $3,266,000.

A number of other hedge funds have also recently modified their holdings of SJM. Assenagon Asset Management S.A. boosted its stake in J. M. Smucker by 6,703.1% in the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock valued at $17,433,000 after acquiring an additional 157,523 shares in the last quarter. Cetera Investment Advisers grew its stake in J. M. Smucker by 62.0% during the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after buying an additional 9,250 shares during the last quarter. Swedbank AB increased its position in J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after buying an additional 15,792 shares during the period. Westwood Holdings Group Inc. lifted its stake in J. M. Smucker by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock valued at $7,151,000 after buying an additional 11,622 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of J. M. Smucker in the first quarter valued at approximately $554,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 0.5 %

Shares of SJM stock opened at $113.30 on Monday. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $134.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The business’s fifty day moving average price is $116.57 and its 200 day moving average price is $115.55. The firm has a market capitalization of $12.06 billion, a PE ratio of 16.03, a P/E/G ratio of 3.18 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. The firm 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 was up 17.7% on a year-over-year basis. During the same period in the previous 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 company 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 $1.08 dividend. 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 61.10%.

Analyst Ratings Changes

Several research firms recently commented on SJM. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. TD Cowen decreased 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. Bank of America lowered their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company reduced their price objective on 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. Finally, BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $127.09.

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.