Curi RMB Capital LLC Has $335,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

Curi RMB Capital LLC reduced its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 90.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,770 shares of the company's stock after selling 27,193 shares during the quarter. Curi RMB Capital LLC's holdings in J. M. Smucker were worth $335,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SJM. Probity Advisors Inc. raised its position in J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company's stock worth $1,065,000 after acquiring an additional 96 shares during the period. Anchor Investment Management LLC lifted its holdings in J. M. Smucker by 0.5% during the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company's stock worth $2,158,000 after buying an additional 99 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of J. M. Smucker by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 33,561 shares of the company's stock valued at $3,659,000 after buying an additional 100 shares during the period. Romano Brothers AND Company grew its stake in shares of J. M. Smucker by 3.5% during the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company's stock worth $362,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in J. M. Smucker by 11.0% in the third quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock valued at $125,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Trading Down 2.5 %

SJM stock traded down $2.72 on Friday, hitting $106.92. 1,901,303 shares of the company were exchanged, compared to its average volume of 932,474. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62. The business's fifty day moving average is $117.25 and its two-hundred day moving average is $115.56. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 3.06 and a beta of 0.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last released 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. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business earned $2.21 earnings per share. The business's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, research analysts forecast that The J. M. Smucker Company will post 9.8 earnings per share for the current year.

J. M. Smucker Dividend Announcement

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 dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.04%. J. M. Smucker's dividend payout ratio is currently 61.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SJM. Bank of America decreased their target price on J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company dropped their target price on J. M. Smucker from $140.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a "strong sell" rating in a report on Thursday, August 29th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, September 30th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.