The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp grew its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 14.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,461 shares of the company's stock after acquiring an additional 21,226 shares during the quarter. Stifel Financial Corp owned about 0.16% of J. M. Smucker worth $20,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new position in J. M. Smucker during the third quarter valued at approximately $436,000. Quantinno Capital Management LP raised its stake in shares of J. M. Smucker by 126.4% in the 3rd quarter. Quantinno Capital Management LP now owns 32,534 shares of the company's stock valued at $3,940,000 after acquiring an additional 18,163 shares during the period. Investment Management Corp of Ontario lifted its holdings in shares of J. M. Smucker by 50.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 3,593 shares of the company's stock valued at $435,000 after acquiring an additional 1,200 shares in the last quarter. Hilltop Holdings Inc. boosted its position in J. M. Smucker by 32.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,622 shares of the company's stock worth $439,000 after purchasing an additional 897 shares during the period. Finally, Holocene Advisors LP purchased a new stake in J. M. Smucker during the 3rd quarter worth $4,945,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 2.4 %

NYSE SJM traded down $2.83 during trading hours on Tuesday, reaching $115.00. 1,193,565 shares of the company traded hands, compared to its average volume of 1,178,907. The company has a 50 day moving average of $116.07 and a two-hundred day moving average of $115.82. The stock has a market capitalization of $12.24 billion, a PE ratio of 23.85, a PEG ratio of 3.27 and a beta of 0.26. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month 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.

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

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker's dividend payout ratio (DPR) is presently 87.45%.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of recent research reports. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. DA Davidson reissued a "neutral" rating and set a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Barclays decreased their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Finally, TD Cowen dropped their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and an average target price of $128.56.

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.