Oppenheimer & Co. Inc. Purchases Shares of 1,712 The J. M. Smucker Company (NYSE:SJM)

Oppenheimer & Co. Inc. bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,712 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of J. M. Smucker by 281.1% in the 3rd quarter. Victory Capital Management Inc. now owns 152,112 shares of the company’s stock worth $18,421,000 after purchasing an additional 112,195 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of J. M. Smucker by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,042 shares of the company’s stock worth $37,909,000 after purchasing an additional 3,934 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of J. M. Smucker by 175.5% in the 3rd quarter. Harbour Investments Inc. now owns 8,883 shares of the company’s stock worth $1,076,000 after purchasing an additional 5,659 shares in the last quarter. Entropy Technologies LP bought a new position in shares of J. M. Smucker in the 3rd quarter worth $796,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. Barclays dropped their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $127.09.

J. M. Smucker Trading Down 0.5 %

Shares of J. M. Smucker stock opened at $113.30 on Friday. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The firm has a market cap of $12.06 billion, a PE ratio of 16.03, a P/E/G ratio of 3.19 and a beta of 0.25. The stock has a fifty day moving average price of $116.57 and a 200-day moving average price of $115.53. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm posted $2.21 EPS. The business’s revenue was up 17.7% compared to the same quarter last year. Equities research analysts anticipate that The J. M. Smucker Company will post 9.79 EPS for the current year.

J. M. Smucker Dividend Announcement

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

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.