Mission Creek Capital Partners Inc. Trims Stock Position in The J. M. Smucker Company (NYSE:SJM)

Mission Creek Capital Partners Inc. lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,911 shares of the company’s stock after selling 215 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in J. M. Smucker were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Studio Investment Management LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $26,000. Venturi Wealth Management LLC lifted its position in shares of J. M. Smucker by 1,329.4% during the 3rd 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. Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker during the 3rd quarter worth approximately $39,000. Quarry LP raised its position in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the last quarter. Finally, Eastern Bank purchased a new stake in J. M. Smucker in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SJM. Wells Fargo & Company upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Citigroup reduced their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Barclays reduced their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, DA Davidson reissued a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $127.73.

J. M. Smucker Stock Performance

NYSE:SJM opened at $115.44 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The stock has a market cap of $12.29 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.26. The firm’s fifty day simple moving average is $116.35 and its 200-day simple moving average is $115.69.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.59 EPS. Analysts expect that The J. M. Smucker Company will post 9.9 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 3.74%. J. M. Smucker’s payout ratio is 87.45%.

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.