International Assets Investment Management LLC Has $25.09 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

International Assets Investment Management LLC raised its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 4,996.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,202 shares of the company's stock after purchasing an additional 203,136 shares during the quarter. International Assets Investment Management LLC owned about 0.20% of J. M. Smucker worth $25,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boston Partners purchased a new stake in shares of J. M. Smucker during the 1st quarter worth about $364,990,000. Bank of Montreal Can increased its stake in J. M. Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company's stock worth $90,195,000 after buying an additional 523,803 shares during the period. Ariel Investments LLC boosted its holdings in J. M. Smucker by 56.0% in the second 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. Ilex Capital Partners UK LLP acquired a new stake in J. M. Smucker in the first quarter valued at $48,207,000. Finally, Champlain Investment Partners LLC increased its stake in J. M. Smucker by 29.0% during 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 last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. DA Davidson reiterated a "neutral" rating and issued a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Bank of America decreased 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 research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their target price for the stock from $135.00 to $125.00 in a research report on Friday. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. Finally, Citigroup dropped their price target on J. M. Smucker from $138.00 to $136.00 and set a "buy" rating on the stock in a research 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $126.42.

J. M. Smucker Price Performance

Shares of NYSE:SJM traded down $1.67 during trading on Tuesday, reaching $113.79. The stock had a trading volume of 737,999 shares, compared to its average volume of 1,155,468. The stock has a market capitalization of $12.11 billion, a PE ratio of 16.09, a P/E/G ratio of 3.32 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The business's 50-day moving average price is $118.72 and its 200 day moving average price is $115.65.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $2.21 EPS. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts predict that The J. M. Smucker Company will post 9.81 earnings per share for the current year.

J. M. Smucker Announces Dividend

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 issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, November 15th. J. M. Smucker's dividend payout ratio 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.