Los Angeles Capital Management LLC Sells 46,441 Shares of The J. M. Smucker Company (NYSE:SJM)

Los Angeles Capital Management LLC lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 82.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,026 shares of the company’s stock after selling 46,441 shares during the quarter. Los Angeles Capital Management LLC’s holdings in J. M. Smucker were worth $1,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Partners bought a new stake in shares of J. M. Smucker in the 1st quarter worth $364,990,000. Dimensional Fund Advisors LP increased its stake in J. M. Smucker by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after buying an additional 135,158 shares during the last quarter. ProShare Advisors LLC increased its stake in J. M. Smucker by 14.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock valued at $166,403,000 after buying an additional 192,075 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of J. M. Smucker by 29.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after buying an additional 327,680 shares during the last quarter. Finally, Ariel Investments LLC grew its holdings in shares of J. M. Smucker by 56.0% in 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. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company cut their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Bank of America lowered their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $135.00 to $125.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $127.09.

J. M. Smucker Stock Down 0.3 %

Shares of NYSE SJM opened at $110.74 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The company has a market cap of $11.78 billion, a P/E ratio of 15.66, a P/E/G ratio of 3.20 and a beta of 0.25. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The business has a 50-day simple moving average of $117.52 and a two-hundred day simple moving average of $115.61.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating 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 company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company earned $2.21 earnings per share. J. M. Smucker’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts anticipate that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio is 61.10%.

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.