5,634 Shares in The J. M. Smucker Company (NYSE:SJM) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,634 shares of the company's stock, valued at approximately $682,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in J. M. Smucker by 6.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,522 shares of the company's stock valued at $1,802,000 after acquiring an additional 1,056 shares in the last quarter. Blue Trust Inc. grew its position in shares of J. M. Smucker by 25.8% during the second quarter. Blue Trust Inc. now owns 930 shares of the company's stock valued at $101,000 after purchasing an additional 191 shares in the last quarter. Raymond James & Associates increased its holdings in shares of J. M. Smucker by 30.3% in the second quarter. Raymond James & Associates now owns 240,627 shares of the company's stock worth $26,238,000 after purchasing an additional 56,019 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of J. M. Smucker by 1.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 10,172 shares of the company's stock worth $1,109,000 after buying an additional 126 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in J. M. Smucker by 46.2% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 31,459 shares of the company's stock valued at $3,431,000 after buying an additional 9,935 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SJM has been the topic of several recent research reports. Barclays decreased their price objective on J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. Citigroup lowered their price objective 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. DA Davidson restated a "neutral" rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. TD Cowen lowered 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, Stifel Nicolaus lowered J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price target for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and an average target price of $128.56.

J. M. Smucker Trading Down 0.7 %

Shares of NYSE:SJM traded down $0.75 during trading hours on Monday, hitting $112.78. 1,761,812 shares of the company's stock traded hands, compared to its average volume of 1,183,817. The firm has a market capitalization of $12.00 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 3.46 and a beta of 0.26. The business has a fifty day moving average price of $115.68 and a 200-day moving average price of $115.95. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating 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 company 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. J. M. Smucker's revenue was up 17.2% compared to the same quarter last year. Equities analysts expect that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.83%. The ex-dividend date was Friday, November 15th. J. M. Smucker's dividend payout ratio is presently 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.