Quantinno Capital Management LP Buys 18,163 Shares of The J. M. Smucker Company (NYSE:SJM)

Quantinno Capital Management LP increased its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 126.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,534 shares of the company's stock after acquiring an additional 18,163 shares during the quarter. Quantinno Capital Management LP's holdings in J. M. Smucker were worth $3,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company's stock worth $3,043,000 after acquiring an additional 9,250 shares in the last quarter. Czech National Bank grew its position in J. M. Smucker by 8.3% in the 2nd quarter. Czech National Bank now owns 20,232 shares of the company's stock valued at $2,206,000 after purchasing an additional 1,556 shares during the period. M&G Plc bought a new stake in J. M. Smucker during the 2nd quarter valued at $603,000. Diversified Trust Co raised its holdings in J. M. Smucker by 4.4% during the second quarter. Diversified Trust Co now owns 6,882 shares of the company's stock worth $750,000 after buying an additional 288 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of J. M. Smucker by 6.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,522 shares of the company's stock valued at $1,802,000 after buying an additional 1,056 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SJM has been the topic of a number of analyst reports. TD Cowen lowered their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, September 30th. Citigroup lowered their price target on J. M. Smucker from $138.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a "strong sell" rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $128.56.

J. M. Smucker Stock Performance

Shares of SJM stock traded up $1.37 during trading hours on Monday, hitting $117.83. 1,427,744 shares of the company were exchanged, compared to its average volume of 1,180,266. 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 current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $116.14 and a 200 day simple moving average of $115.76. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 3.27 and a beta of 0.26.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business's revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.59 earnings per share. Research analysts predict that The J. M. Smucker Company will post 9.9 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.67%. J. M. Smucker's payout ratio is 87.45%.

About J. M. Smucker

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.