KG&L Capital Management LLC Has $262,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

KG&L Capital Management LLC decreased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 76.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,160 shares of the company's stock after selling 7,025 shares during the quarter. KG&L Capital Management LLC's holdings in J. M. Smucker were worth $262,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Studio Investment Management LLC acquired a new position in J. M. Smucker in the 2nd quarter valued at $26,000. Quarry LP boosted its position in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after buying an additional 219 shares during the last quarter. Eastern Bank acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at about $40,000. Rothschild Investment LLC acquired a new stake in J. M. Smucker during the second quarter worth about $42,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of J. M. Smucker in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Up 2.4 %

Shares of SJM stock traded up $2.70 during trading hours on Tuesday, hitting $116.39. 954,935 shares of the company were exchanged, compared to its average volume of 1,151,346. The business has a 50 day moving average of $118.09 and a two-hundred day moving average of $115.74. 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 52 week low of $105.69 and a 52 week high of $134.62. The company has a market capitalization of $12.39 billion, a PE ratio of 16.30, a PEG ratio of 3.23 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 earnings per share. Analysts anticipate that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker's dividend payout ratio is 61.10%.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, August 29th. TD Cowen reduced their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Bank of America reduced 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 report on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a "strong sell" rating in a research report on Thursday, August 29th. Finally, Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an "equal weight" rating for the company in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $126.42.

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.