The J. M. Smucker Company (NYSE:SJM) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 55.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,381 shares of the company's stock after selling 15,663 shares during the period. Edgestream Partners L.P.'s holdings in J. M. Smucker were worth $1,499,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Probity Advisors Inc. increased its holdings in J. M. Smucker by 1.1% in the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company's stock valued at $1,065,000 after buying an additional 96 shares in the last quarter. Anchor Investment Management LLC raised its stake in J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company's stock worth $2,158,000 after acquiring an additional 99 shares during the period. State of Michigan Retirement System grew its position in J. M. Smucker by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 33,561 shares of the company's stock worth $3,659,000 after purchasing an additional 100 shares during the last quarter. Romano Brothers AND Company boosted its holdings in shares of J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company's stock valued at $362,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in J. M. Smucker by 11.0% during the third quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock worth $125,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Down 1.6 %

NYSE SJM traded down $1.85 during mid-day trading on Wednesday, hitting $115.44. The company's stock had a trading volume of 1,438,791 shares, compared to its average volume of 1,180,933. 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 company's 50 day simple moving average is $116.35 and its 200 day simple moving average is $115.69. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 3.37 and a beta of 0.26.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company's revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 earnings per share. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.74%. J. M. Smucker's payout ratio is presently 87.45%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SJM. Citigroup cut their target price on shares of 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. TD Cowen decreased 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 report on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the company from $135.00 to $125.00 in a report on Friday, October 25th. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. Finally, Barclays lowered their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $127.73.

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.