The J. M. Smucker Company (NYSE:SJM) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,416,615 shares of the company’s stock after selling 39,395 shares during the quarter. Champlain Investment Partners LLC’s holdings in J. M. Smucker were worth $171,552,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners purchased a new position in J. M. Smucker during the first quarter worth $364,990,000. Dimensional Fund Advisors LP lifted its stake in shares of J. M. Smucker by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock worth $194,435,000 after purchasing an additional 135,158 shares in the last quarter. ProShare Advisors LLC boosted its holdings in J. M. Smucker by 14.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after acquiring an additional 192,075 shares during the period. Ariel Investments LLC grew its position in J. M. Smucker by 56.0% in the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after acquiring an additional 486,624 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of J. M. Smucker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock valued at $119,966,000 after purchasing an additional 13,276 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 0.5 %

J. M. Smucker stock opened at $113.30 on Friday. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 3.19 and a beta of 0.25. The company’s fifty day moving average price is $116.57 and its two-hundred day moving average price is $115.52.

J. M. Smucker (NYSE:SJM) last posted its earnings results 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 return on equity of 14.22% and a net margin of 8.77%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company earned $2.21 EPS. J. M. Smucker’s revenue was up 17.7% on a year-over-year basis. On average, analysts forecast that The J. M. Smucker Company will post 9.79 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.81%. J. M. Smucker’s dividend payout ratio is currently 61.10%.

Wall Street Analysts Forecast Growth

SJM has been the topic of several research analyst reports. 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 lowered their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company lowered their target price on shares of 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. TD Cowen reduced 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 research note on Thursday, August 29th. Finally, Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.