Tandem Investment Advisors Inc. Sells 21,345 Shares of The J. M. Smucker Company (NYSE:SJM)

Tandem Investment Advisors Inc. lowered its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 667,731 shares of the company's stock after selling 21,345 shares during the quarter. J. M. Smucker accounts for approximately 3.1% of Tandem Investment Advisors Inc.'s investment portfolio, making the stock its 18th largest position. Tandem Investment Advisors Inc. owned approximately 0.63% of J. M. Smucker worth $80,862,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SJM. Assenagon Asset Management S.A. increased its stake in J. M. Smucker by 6,703.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company's stock worth $17,433,000 after purchasing an additional 157,523 shares in the last quarter. Cetera Investment Advisers increased its stake in J. M. Smucker by 62.0% in the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company's stock worth $3,043,000 after purchasing an additional 9,250 shares in the last quarter. Swedbank AB increased its stake in J. M. Smucker by 14.1% in the 2nd quarter. Swedbank AB now owns 127,618 shares of the company's stock worth $13,915,000 after purchasing an additional 15,792 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in J. M. Smucker by 25.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company's stock worth $7,151,000 after purchasing an additional 11,622 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in J. M. Smucker by 553.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 8,874 shares of the company's stock worth $1,117,000 after purchasing an additional 7,517 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

SJM traded up $0.19 on Friday, hitting $115.45. The company had a trading volume of 874,275 shares, compared to its average volume of 1,150,196. The company's fifty day moving average price is $118.06 and its 200 day moving average price is $115.75. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $134.62. 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 stock has a market cap of $12.29 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 3.30 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping 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 analyst estimates of $2.13 billion. During the same period in the previous year, the company earned $2.21 EPS. The company's revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts predict that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.74%. J. M. Smucker's dividend payout ratio (DPR) is currently 61.10%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SJM. Barclays dropped their price target on J. M. Smucker from $123.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, September 30th. TD Cowen decreased their price objective on J. M. Smucker from $135.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on J. M. Smucker from $140.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. Finally, DA Davidson restated a "neutral" rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.