The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 281.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,112 shares of the company's stock after acquiring an additional 112,195 shares during the quarter. Victory Capital Management Inc. owned about 0.14% of J. M. Smucker worth $18,421,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. raised its holdings in J. M. Smucker by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,042 shares of the company's stock worth $37,909,000 after purchasing an additional 3,934 shares in the last quarter. Harbour Investments Inc. lifted its position in J. M. Smucker by 175.5% during the third quarter. Harbour Investments Inc. now owns 8,883 shares of the company's stock valued at $1,076,000 after acquiring an additional 5,659 shares during the last quarter. Entropy Technologies LP acquired a new stake in J. M. Smucker in the third quarter valued at approximately $796,000. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after purchasing an additional 226 shares during the last quarter. Finally, Sigma Planning Corp increased its position in shares of J. M. Smucker by 5.1% during the third quarter. Sigma Planning Corp now owns 4,115 shares of the company's stock worth $498,000 after purchasing an additional 201 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

Shares of SJM stock traded up $1.44 on Tuesday, hitting $111.91. The company had a trading volume of 1,067,282 shares, compared to its average volume of 1,157,964. The firm has a market cap of $11.91 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 3.06 and a beta of 0.25. 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 50-day moving average price of $117.05 and a 200-day moving average price of $115.56. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87.

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

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.86%. J. M. Smucker's dividend payout ratio (DPR) is currently 61.10%.

Wall Street Analyst Weigh In

SJM has been the subject of a number of recent analyst reports. Stifel Nicolaus cut J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Bank of America dropped their price target on J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. TD Cowen decreased their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Finally, Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an "equal weight" rating on the stock in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $127.09.

J. M. Smucker Company 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.