Intech Investment Management LLC Buys 6,488 Shares of The J. M. Smucker Company (NYSE:SJM)

Intech Investment Management LLC increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 18.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,490 shares of the company’s stock after buying an additional 6,488 shares during the quarter. Intech Investment Management LLC’s holdings in J. M. Smucker were worth $5,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter worth $26,000. Venturi Wealth Management LLC increased its stake in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after buying an additional 226 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $39,000. Quarry LP boosted its stake in shares of J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of J. M. Smucker during the third quarter valued at approximately $40,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SJM shares. Barclays reduced their price objective on 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. Bank of America reduced their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, DA Davidson restated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $127.09.

J. M. Smucker Trading Down 0.5 %

Shares of SJM stock opened at $113.30 on Friday. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 3.19 and a beta of 0.25. The company’s fifty day simple moving average is $116.57 and its two-hundred day simple moving average is $115.52. 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 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 issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.21 EPS. As a group, analysts anticipate that The J. M. Smucker Company will post 9.79 earnings per share for the current year.

J. M. Smucker Announces Dividend

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