The J. M. Smucker Company (NYSE:SJM) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 45.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 451 shares of the company’s stock after selling 383 shares during the period. Avior Wealth Management LLC’s holdings in J. M. Smucker were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its position in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares during the period. Quarry LP boosted its position in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $39,000. Finally, Eastern Bank purchased a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $113.30 on Monday. The stock has a market cap of $12.06 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 3.18 and a beta of 0.25. The company has a fifty day simple moving average of $116.57 and a 200-day simple moving average of $115.55. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $134.62. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the company earned $2.21 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts expect that The J. M. Smucker Company will post 9.79 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

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

Analysts Set New Price Targets

SJM has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Bank of America lowered their price objective 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. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. DA Davidson reaffirmed a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Finally, Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the company from $135.00 to $125.00 in a research report on Friday, October 25th. One equities research 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. According to data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus price target 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.