Mutual of America Capital Management LLC Has $1.59 Million Stock Position in The J. M. Smucker Company (NYSE:SJM)

Mutual of America Capital Management LLC lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,119 shares of the company’s stock after selling 283 shares during the quarter. Mutual of America Capital Management LLC’s holdings in J. M. Smucker were worth $1,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in shares of J. M. Smucker during the 1st quarter valued at about $554,000. BOKF NA lifted its stake in J. M. Smucker by 20.7% in the first quarter. BOKF NA now owns 8,209 shares of the company’s stock valued at $1,024,000 after buying an additional 1,408 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of J. M. Smucker by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 145,306 shares of the company’s stock valued at $18,291,000 after buying an additional 1,239 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of J. M. Smucker during the first quarter worth $397,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of J. M. Smucker during the first quarter worth $1,215,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

Shares of SJM opened at $113.65 on Tuesday. 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’s fifty day simple moving average is $116.42 and its 200 day simple moving average is $115.55. 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 market cap of $12.09 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 3.18 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 analyst estimates of $2.13 billion. During the same period in the previous year, the business earned $2.21 EPS. J. M. Smucker’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts forecast that The J. M. Smucker Company will post 9.79 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. J. M. Smucker’s payout ratio is 61.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Bank of America decreased their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. TD Cowen cut their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Barclays decreased their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Finally, Citigroup cut their price objective 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. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $127.09.

About J. M. Smucker

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.