Coldstream Capital Management Inc. Grows Stake in The J. M. Smucker Company (NYSE:SJM)

Coldstream Capital Management Inc. increased its stake in The J. M. Smucker Company (NYSE:SJM) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,503 shares of the company’s stock after acquiring an additional 2,303 shares during the period. Coldstream Capital Management Inc.’s holdings in J. M. Smucker were worth $2,357,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. State Street Corp raised its stake in shares of J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after acquiring an additional 762,746 shares in the last quarter. FMR LLC raised its stake in shares of J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after acquiring an additional 958,142 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of J. M. Smucker by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after acquiring an additional 135,158 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock valued at $166,403,000 after acquiring an additional 192,075 shares in the last quarter. Finally, Ariel Investments LLC raised its stake in shares of J. M. Smucker by 56.0% during the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after acquiring an additional 486,624 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM opened at $115.00 on Wednesday. The business’s 50-day moving average is $115.95 and its two-hundred day moving average is $115.85. The company has a market capitalization of $12.24 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.27 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $2.59 EPS. Research analysts predict that The J. M. Smucker Company will post 9.9 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

Analyst Ratings Changes

Several research firms have recently weighed in on SJM. Bank of America decreased 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 note on Thursday, August 29th. Wells Fargo & Company boosted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. DA Davidson reissued a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Finally, BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $128.56.

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.