UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $94.20 Million Position in The J. M. Smucker Company (NYSE:SJM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 13.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 777,863 shares of the company's stock after selling 116,514 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.73% of J. M. Smucker worth $94,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker during the second quarter worth $26,000. Venturi Wealth Management LLC raised its position in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Quarry LP lifted its stake in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company's stock worth $35,000 after purchasing an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker in the third quarter worth $39,000. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker during the third quarter worth $40,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SJM shares. Barclays boosted their price objective on shares of J. M. Smucker from $121.00 to $126.00 and gave the company an "equal weight" rating in a research report on Friday. BNP Paribas raised shares of J. M. Smucker to a "strong sell" rating in a report on Thursday, August 29th. TD Cowen decreased their price target on J. M. Smucker from $135.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Citigroup reduced their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company boosted their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $128.00.

J. M. Smucker Stock Performance

J. M. Smucker stock traded up $1.82 on Monday, reaching $119.61. 1,363,757 shares of the stock were exchanged, compared to its average volume of 1,179,396. The stock has a market cap of $12.73 billion, a PE ratio of 23.79, a PEG ratio of 3.32 and a beta of 0.26. The firm has a fifty day moving average price of $116.34 and a two-hundred day moving average price of $115.65. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve 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 earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.49 by $0.27. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm posted $2.59 earnings per share. J. M. Smucker's revenue was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.87 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.61%. J. M. Smucker's dividend payout ratio (DPR) is currently 87.45%.

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.