The J. M. Smucker Company (NYSE:SJM) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,460 shares of the company's stock after selling 12,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in J. M. Smucker were worth $5,142,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter valued at about $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 purchasing an additional 226 shares during the last quarter. Quarry LP raised its stake in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company's stock worth $35,000 after purchasing an additional 219 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $39,000. Finally, Eastern Bank purchased 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 hedge funds and other institutional investors.

Analyst Ratings Changes

SJM has been the topic of a number of research analyst reports. DA Davidson reiterated a "neutral" rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Bank of America reduced their price objective on J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their target price for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Wells Fargo & Company lifted 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. Finally, StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus price target of $128.00.

J. M. Smucker Stock Down 0.2 %

J. M. Smucker stock traded down $0.21 during midday trading on Friday, hitting $117.79. 1,000,903 shares of the stock were exchanged, compared to its average volume of 1,380,053. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.25. The company has a 50 day moving average price of $116.34 and a two-hundred day moving average price of $115.63. The firm has a market cap of $12.54 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.29 and a beta of 0.25. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the firm posted $2.59 earnings per share. The company's revenue was up 17.2% compared to the same quarter last year. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.85 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 dividend yield of 3.67%. J. M. Smucker's dividend payout ratio (DPR) is presently 87.45%.

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.