Thrivent Financial for Lutherans Purchases 521,404 Shares of The J. M. Smucker Company (NYSE:SJM)

Thrivent Financial for Lutherans boosted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 891.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 579,903 shares of the company's stock after acquiring an additional 521,404 shares during the period. Thrivent Financial for Lutherans owned 0.54% of J. M. Smucker worth $70,226,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SJM. Boston Partners bought a new stake in shares of J. M. Smucker during the 1st quarter valued at $364,990,000. Bank of Montreal Can boosted its holdings in shares of J. M. Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company's stock valued at $90,195,000 after buying an additional 523,803 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of J. M. Smucker by 56.0% during the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company's stock valued at $147,749,000 after buying an additional 486,624 shares in the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of J. M. Smucker during the 1st quarter valued at $48,207,000. Finally, AMF Tjanstepension AB boosted its holdings in shares of J. M. Smucker by 123.2% during the 2nd quarter. AMF Tjanstepension AB now owns 425,048 shares of the company's stock valued at $46,378,000 after buying an additional 234,619 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded up $3.55 during trading on Monday, hitting $110.47. The company's stock had a trading volume of 1,572,388 shares, compared to its average volume of 1,158,259. The company has a 50-day moving average of $117.05 and a 200-day moving average of $115.56. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 3.06 and a beta of 0.25. 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 debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

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

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker's dividend payout ratio (DPR) is currently 61.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SJM shares. 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. Bank of America lowered their price target on J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. DA Davidson reaffirmed a "neutral" rating and issued a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a "strong sell" rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company lowered their price target 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $127.09.

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.