SageView Advisory Group LLC Sells 122 Shares of The J. M. Smucker Company (NYSE:SJM)

SageView Advisory Group LLC reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 5.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,955 shares of the company’s stock after selling 122 shares during the period. SageView Advisory Group LLC’s holdings in J. M. Smucker were worth $237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its position in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of J. M. Smucker by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after purchasing an additional 135,158 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock valued at $166,403,000 after purchasing an additional 192,075 shares in the last quarter. Ariel Investments LLC boosted its holdings in J. M. Smucker by 56.0% during the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in J. M. Smucker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock worth $119,966,000 after purchasing an additional 13,276 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SJM has been the topic of a number of research analyst reports. Barclays cut their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average price target of $128.56.

J. M. Smucker Price Performance

SJM opened at $116.46 on Friday. The firm has a 50-day moving average price of $116.14 and a 200-day moving average price of $115.74. 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 quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 3.24 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last issued its earnings results 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 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 analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities analysts expect that The J. M. Smucker Company will post 9.9 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.71%. J. M. Smucker’s dividend payout ratio 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.