Harbour Investments Inc. Has $1.08 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Harbour Investments Inc. grew its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 175.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,883 shares of the company's stock after buying an additional 5,659 shares during the quarter. Harbour Investments Inc.'s holdings in J. M. Smucker were worth $1,076,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Entropy Technologies LP acquired a new stake in J. M. Smucker in the 3rd quarter worth about $796,000. Venturi Wealth Management LLC increased its holdings in 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 purchasing an additional 226 shares during the last quarter. Sigma Planning Corp grew its position in shares of J. M. Smucker by 5.1% in the 3rd quarter. Sigma Planning Corp now owns 4,115 shares of the company's stock worth $498,000 after acquiring an additional 201 shares in the last quarter. Klingman & Associates LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter worth approximately $230,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter worth approximately $269,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SJM. DA Davidson restated a "neutral" rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, September 30th. 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 report on Thursday, August 29th. Stifel Nicolaus lowered J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, Bank of America reduced their price objective 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $127.09.

J. M. Smucker Trading Down 2.5 %

Shares of J. M. Smucker stock traded down $2.72 on Friday, reaching $106.92. 1,900,709 shares of the company were exchanged, compared to its average volume of 1,156,393. The stock has a fifty day moving average price of $117.52 and a 200-day moving average price of $115.61. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 3.18 and a beta of 0.25. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. 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 announced its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. J. M. Smucker's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts expect that The J. M. Smucker Company will post 9.8 EPS 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. Shareholders of record on Friday, November 15th will be paid a $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 4.04%. J. M. Smucker's dividend payout ratio (DPR) is currently 61.10%.

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.