Cobblestone Capital Advisors LLC NY Acquires New Stake in The J. M. Smucker Company (NYSE:SJM)

Cobblestone Capital Advisors LLC NY bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,785 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Cetera Investment Advisers lifted its stake in shares of J. M. Smucker by 62.0% during the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after buying an additional 9,250 shares during the period. Cetera Advisors LLC lifted its stake in shares of J. M. Smucker by 21.1% during the 1st quarter. Cetera Advisors LLC now owns 11,906 shares of the company’s stock worth $1,499,000 after purchasing an additional 2,077 shares during the period. GAMMA Investing LLC lifted its stake in shares of J. M. Smucker by 81.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,567 shares of the company’s stock worth $280,000 after purchasing an additional 1,151 shares during the period. DNB Asset Management AS boosted its holdings in shares of J. M. Smucker by 5.4% during the second quarter. DNB Asset Management AS now owns 22,476 shares of the company’s stock worth $2,451,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of J. M. Smucker by 8.4% in the second quarter. Mather Group LLC. now owns 2,583 shares of the company’s stock valued at $282,000 after purchasing an additional 200 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SJM shares. Bank of America decreased their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. TD Cowen reduced their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Citigroup reduced their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, DA Davidson restated a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $128.00.

J. M. Smucker Stock Performance

SJM opened at $117.79 on Monday. The business has a fifty day simple moving average of $116.34 and a 200-day simple moving average of $115.64. The firm has a market cap of $12.54 billion, a PE ratio of 23.84, a P/E/G ratio of 3.32 and a beta of 0.26. 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 J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.27. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. J. M. Smucker’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts predict that The J. M. Smucker Company will post 9.87 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 annualized dividend and a yield of 3.67%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

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.