BNP Paribas Financial Markets Sells 12,093 Shares of The J. M. Smucker Company (NYSE:SJM)

BNP Paribas Financial Markets reduced its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,836 shares of the company's stock after selling 12,093 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of J. M. Smucker worth $11,000,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Studio Investment Management LLC bought a new position in shares of J. M. Smucker during the second quarter worth approximately $26,000. Venturi Wealth Management LLC increased its position in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after acquiring an additional 226 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker in the 3rd quarter worth about $39,000. Quarry LP boosted its stake in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after buying an additional 219 shares during the period. Finally, Eastern Bank bought a new stake in shares of J. M. Smucker during the 3rd quarter valued at $40,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Trading Up 1.5 %

SJM traded up $1.79 during trading on Monday, reaching $119.58. 1,362,594 shares of the company's stock were exchanged, compared to its average volume of 1,179,387. The firm has a fifty day moving average price of $116.34 and a two-hundred day moving average price of $115.65. The stock has a market capitalization of $12.73 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 3.32 and a beta of 0.26. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 earnings per share. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.87 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, November 15th. J. M. Smucker's payout ratio is presently 87.45%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SJM. BNP Paribas raised shares of J. M. Smucker to a "strong sell" rating in a report on Thursday, August 29th. Barclays upped their target price on J. M. Smucker from $121.00 to $126.00 and gave the stock an "equal weight" rating in a research note on Friday. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, September 30th. DA Davidson reissued a "neutral" rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, TD Cowen reduced their price objective on 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. One 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 data from MarketBeat.com, J. M. Smucker presently has an average rating of "Hold" and a consensus target price of $128.00.

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.