The J. M. Smucker Company (NYSE:SJM) Holdings Decreased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 27.1% in the second quarter, HoldingsChannel.com reports. The firm owned 274 shares of the company’s stock after selling 102 shares during the period. EverSource Wealth Advisors LLC’s holdings in J. M. Smucker were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners bought a new stake in shares of J. M. Smucker during the 1st quarter valued at about $364,990,000. Point72 Asset Management L.P. grew its holdings in shares of J. M. Smucker by 21,858.1% during the fourth quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock valued at $86,027,000 after purchasing an additional 677,600 shares during the last quarter. Vanguard Group Inc. raised its position in shares of J. M. Smucker by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after purchasing an additional 518,433 shares during the period. Ilex Capital Partners UK LLP bought a new stake in shares of J. M. Smucker in the 1st quarter worth approximately $48,207,000. Finally, Champlain Investment Partners LLC boosted its position in J. M. Smucker by 29.0% during the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock valued at $183,518,000 after purchasing an additional 327,680 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Argus dropped their target price on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. TD Cowen reduced their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Citigroup dropped their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Barclays cut their price target on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $127.25.

J. M. Smucker Price Performance

NYSE SJM opened at $121.15 on Friday. The firm 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 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. The company’s 50 day simple moving average is $118.93 and its 200 day simple moving average is $116.11.

J. M. Smucker (NYSE:SJM) last issued 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 company 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 revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

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

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.