Healthcare of Ontario Pension Plan Trust Fund Lowers Stake in The J. M. Smucker Company (NYSE:SJM)

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in The J. M. Smucker Company (NYSE:SJM) by 22.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,460 shares of the company’s stock after selling 12,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in J. M. Smucker were worth $5,142,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SJM. Raymond James Trust N.A. grew its holdings in J. M. Smucker by 6.8% during the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after buying an additional 310 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of J. M. Smucker by 6,703.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock valued at $17,433,000 after buying an additional 157,523 shares in the last quarter. Cetera Investment Advisers grew its position in J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after acquiring an additional 9,250 shares in the last quarter. Swedbank AB increased its stake in J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after acquiring an additional 15,792 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its position in J. M. Smucker by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock valued at $7,151,000 after purchasing an additional 11,622 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Up 0.0 %

Shares of J. M. Smucker stock opened at $118.02 on Friday. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $134.62. The firm’s 50 day simple moving average is $116.36 and its two-hundred day simple moving average is $115.62. The company has a current ratio of 0.58, a quick ratio of 0.25 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.29 and a beta of 0.25.

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, topping analysts’ consensus estimates of $2.49 by $0.27. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. Analysts predict that The J. M. Smucker Company will post 9.85 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 yield of 3.66%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday. DA Davidson reaffirmed a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Finally, Barclays boosted their target price on J. M. Smucker from $121.00 to $126.00 and gave the company an “equal weight” rating in a research report on Friday. One 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. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $128.00.

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.