The J. M. Smucker Company (NYSE:SJM) Holdings Decreased by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,206 shares of the company’s stock after selling 1,000 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in J. M. Smucker were worth $509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Studio Investment Management LLC bought a new position in J. M. Smucker in the 2nd quarter worth $26,000. Quarry LP raised its position in J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares in the last quarter. Eastern Bank bought a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $40,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at $42,000. Finally, Rothschild Investment LLC bought a new stake in J. M. Smucker during the second quarter worth about $42,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $113.90 on Thursday. 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 company has a market cap of $12.12 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 3.32 and a beta of 0.24. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The company has a 50-day moving average price of $118.58 and a 200-day moving average price of $115.64.

J. M. Smucker (NYSE:SJM) last issued 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. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business earned $2.21 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities analysts anticipate that The J. M. Smucker Company will post 9.81 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s payout ratio is currently 61.10%.

Analyst Ratings Changes

A number of research firms recently weighed in on SJM. Citigroup dropped their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Bank of America decreased their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company dropped their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Barclays lowered their price target on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $126.42.

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.