Jmac Enterprises LLC Cuts Stake in The J. M. Smucker Company (NYSE:SJM)

Jmac Enterprises LLC lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,200 shares of the company’s stock after selling 500 shares during the period. Jmac Enterprises LLC’s holdings in J. M. Smucker were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SJM. Private Advisor Group LLC raised its holdings in J. M. Smucker by 5.6% in the 1st quarter. Private Advisor Group LLC now owns 10,845 shares of the company’s stock worth $1,365,000 after purchasing an additional 572 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of J. M. Smucker by 6.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,518 shares of the company’s stock worth $1,324,000 after acquiring an additional 649 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of J. M. Smucker in the 1st quarter worth about $515,000. Duality Advisers LP bought a new position in shares of J. M. Smucker in the 1st quarter worth about $924,000. Finally, Empirical Finance LLC increased its stake in shares of J. M. Smucker by 3.4% in the 1st quarter. Empirical Finance LLC now owns 3,693 shares of the company’s stock worth $465,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.3 %

J. M. Smucker stock opened at $115.31 on Friday. The stock has a market cap of $12.27 billion, a P/E ratio of 16.31, a PEG ratio of 3.30 and a beta of 0.25. 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 J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The firm’s 50 day moving average price is $118.06 and its 200-day moving average price is $115.75.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share 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 company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. J. M. Smucker’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts predict that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

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 paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s payout ratio is 61.10%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus lowered shares of 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. Citigroup reduced their price objective 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. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One research 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. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average 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.