Blair William & Co. IL Has $8.91 Million Position in The J. M. Smucker Company (NYSE:SJM)

Blair William & Co. IL trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 28.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 81,673 shares of the company’s stock after selling 32,687 shares during the quarter. Blair William & Co. IL owned about 0.08% of J. M. Smucker worth $8,906,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in J. M. Smucker during the fourth quarter worth about $43,000. Norges Bank bought a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $157,077,000. D.A. Davidson & CO. boosted its position in shares of J. M. Smucker by 22.2% during the 4th quarter. D.A. Davidson & CO. now owns 27,990 shares of the company’s stock worth $3,537,000 after acquiring an additional 5,079 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of J. M. Smucker by 4.7% during the 4th quarter. Corient Private Wealth LLC now owns 60,517 shares of the company’s stock worth $7,648,000 after acquiring an additional 2,741 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new position in J. M. Smucker in the fourth quarter valued at approximately $279,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $118.74 on Friday. The business has a 50-day moving average price of $118.78 and a two-hundred day moving average price of $116.21. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $134.62. 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 $12.61 billion, a P/E ratio of 16.68, a PEG ratio of 3.20 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last released 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 analysts’ expectations of $2.13 billion. During the same quarter last year, the firm posted $2.21 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. As a group, analysts anticipate that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.64%. J. M. Smucker’s dividend payout ratio is currently 60.67%.

Wall Street Analyst Weigh In

SJM has been the subject of several recent analyst reports. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Bank of America reduced their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. TD Cowen decreased their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Finally, Barclays decreased their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and an average target price of $127.25.

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.