The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 6.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 102,853 shares of the company’s stock after acquiring an additional 6,087 shares during the quarter. Cerity Partners LLC’s holdings in J. M. Smucker were worth $12,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $26,000. Venturi Wealth Management LLC grew its position in J. M. Smucker by 1,329.4% during the 3rd 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. Quarry LP increased its stake in J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker in the third quarter valued at about $39,000. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker during the third quarter worth about $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Up 0.3 %

Shares of J. M. Smucker stock opened at $113.65 on Tuesday. The company has a 50-day moving average of $116.42 and a two-hundred day moving average of $115.55. The stock has a market cap of $12.09 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 3.18 and a beta of 0.25. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data 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. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. J. M. Smucker’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.21 earnings per share. On average, research analysts anticipate that The J. M. Smucker Company will post 9.79 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 3.80%. J. M. Smucker’s payout ratio is 61.10%.

Analysts Set New Price Targets

SJM has been the topic of several recent research reports. TD Cowen dropped their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. 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 research note on Friday, August 30th. Finally, Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average 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.