The J. M. Smucker Company (NYSE:SJM) Shares Sold by Xponance Inc.

Xponance Inc. decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,256 shares of the company’s stock after selling 123 shares during the quarter. Xponance Inc.’s holdings in J. M. Smucker were worth $1,554,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in shares of J. M. Smucker by 298.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock worth $2,562,000 after purchasing an additional 15,182 shares during the period. California State Teachers Retirement System raised its holdings in J. M. Smucker by 5.5% in the fourth quarter. California State Teachers Retirement System now owns 170,552 shares of the company’s stock valued at $21,554,000 after buying an additional 8,960 shares during the period. Vanguard Group Inc. lifted its position in J. M. Smucker by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after buying an additional 518,433 shares in the last quarter. AMF Tjanstepension AB purchased a new stake in J. M. Smucker during the first quarter worth approximately $23,990,000. Finally, Goldman Sachs Group Inc. increased its position in shares of J. M. Smucker by 23.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 419,134 shares of the company’s stock worth $52,970,000 after acquiring an additional 78,807 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 1.1 %

SJM opened at $121.15 on Friday. The stock has a market capitalization of $12.87 billion, a PE ratio of 17.02, a P/E/G ratio of 3.11 and a beta of 0.24. The firm’s fifty day moving average price is $118.93 and its 200 day moving average price is $116.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $134.62.

J. M. Smucker (NYSE:SJM) last posted its quarterly 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. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.21 earnings per share. As a group, research analysts expect that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.57%. J. M. Smucker’s dividend payout ratio is currently 60.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SJM shares. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Wells Fargo & Company reduced their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Citigroup lowered their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Finally, Argus decreased their price target on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average price target 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.