Toronto Dominion Bank Reduces Holdings in The J. M. Smucker Company (NYSE:SJM)

Toronto Dominion Bank reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,757 shares of the company's stock after selling 7,042 shares during the quarter. Toronto Dominion Bank's holdings in J. M. Smucker were worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Studio Investment Management LLC purchased a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $26,000. Venturi Wealth Management LLC increased its position in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after buying an additional 226 shares in the last quarter. Quarry LP raised its holdings in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company's stock worth $35,000 after acquiring an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker in the third quarter valued at $39,000. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker during the third quarter valued at $40,000. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Trading Up 0.0 %

SJM stock traded up $0.01 during trading on Friday, reaching $113.53. 1,083,608 shares of the stock traded hands, compared to its average volume of 1,440,458. The firm has a market capitalization of $12.08 billion, a PE ratio of 22.98, a P/E/G ratio of 3.46 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The business's 50 day moving average price is $115.68 and its 200-day moving average price is $115.95. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62.

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, topping analysts' consensus estimates 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 business had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the business earned $2.59 EPS. The company's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Dividend Announcement

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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Friday, November 15th. J. M. Smucker's dividend payout ratio is presently 87.45%.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Barclays lowered 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. DA Davidson restated a "neutral" rating and set a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. Stifel Nicolaus downgraded 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. Finally, Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.