The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Caprock Group LLC

Caprock Group LLC grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 37.2% during the third quarter, Holdings Channel reports. The firm owned 5,397 shares of the company’s stock after purchasing an additional 1,463 shares during the period. Caprock Group LLC’s holdings in J. M. Smucker were worth $654,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Boston Partners acquired a new stake in J. M. Smucker during the 1st quarter worth $364,990,000. Bank of Montreal Can grew its holdings in shares of J. M. Smucker by 186.3% during the second quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after purchasing an additional 523,803 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of J. M. Smucker by 891.3% during the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after purchasing an additional 521,404 shares in the last quarter. Ariel Investments LLC boosted its position in shares of J. M. Smucker by 56.0% in the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after purchasing an additional 486,624 shares during the period. Finally, Ilex Capital Partners UK LLP purchased a new position in J. M. Smucker during the 1st quarter worth approximately $48,207,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.5 %

SJM opened at $113.30 on Friday. The business has a 50 day simple moving average of $116.57 and a 200-day simple moving average of $115.52. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The stock has a market capitalization of $12.06 billion, a P/E ratio of 16.03, a P/E/G ratio of 3.21 and a beta of 0.25. 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 released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.79 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is 61.10%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup reduced their price objective 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. 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. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Wells Fargo & Company decreased their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, Barclays dropped their price target on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average target price of $127.09.

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.