Radnor Capital Management LLC Invests $1.17 Million in The J. M. Smucker Company (NYSE:SJM)

Radnor Capital Management LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,691 shares of the company's stock, valued at approximately $1,174,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Boston Partners acquired a new stake in shares of J. M. Smucker in the first quarter valued at approximately $364,990,000. Dimensional Fund Advisors LP increased its stake in J. M. Smucker by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company's stock worth $194,435,000 after acquiring an additional 135,158 shares during the last quarter. ProShare Advisors LLC increased its stake in J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company's stock worth $166,403,000 after acquiring an additional 192,075 shares during the last quarter. Champlain Investment Partners LLC raised its position in J. M. Smucker by 29.0% in the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company's stock valued at $183,518,000 after purchasing an additional 327,680 shares during the period. Finally, Ariel Investments LLC lifted its stake in shares of J. M. Smucker by 56.0% in the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company's stock valued at $147,749,000 after purchasing an additional 486,624 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, August 29th. TD Cowen reduced their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Bank of America dropped their target price 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. Finally, BNP Paribas upgraded shares of J. M. Smucker to a "strong sell" rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and a consensus price target of $126.42.

J. M. Smucker Stock Down 1.0 %

Shares of NYSE:SJM traded down $1.13 during trading on Thursday, hitting $114.49. The company's stock had a trading volume of 398,378 shares, compared to its average volume of 1,148,617. The business has a 50 day moving average price of $118.03 and a two-hundred day moving average price of $115.75. The company has a market capitalization of $12.18 billion, a PE ratio of 16.35, a P/E/G ratio of 3.25 and a beta of 0.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 earnings per share. As a group, research analysts expect that The J. M. Smucker Company will post 9.8 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.77%. J. M. Smucker's dividend payout ratio (DPR) is currently 61.10%.

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.