Stephens Inc. AR Has $3 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Stephens Inc. AR trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,750 shares of the company’s stock after selling 958 shares during the period. Stephens Inc. AR’s holdings in J. M. Smucker were worth $2,997,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Boston Partners acquired a new stake in J. M. Smucker during the 1st quarter worth approximately $364,990,000. Dimensional Fund Advisors LP lifted its holdings in J. M. Smucker by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock worth $194,435,000 after purchasing an additional 135,158 shares during the last quarter. ProShare Advisors LLC lifted its holdings in J. M. Smucker by 14.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after purchasing an additional 192,075 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings 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 worth $183,518,000 after purchasing an additional 327,680 shares during the last quarter. Finally, Ariel Investments LLC lifted its holdings in J. M. Smucker by 56.0% during the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. TD Cowen dropped their price objective on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Bank of America dropped their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $126.42.

J. M. Smucker Trading Down 0.5 %

Shares of SJM opened at $112.92 on Monday. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The business’s fifty day moving average is $118.25 and its 200-day moving average is $115.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 3.24 and a beta of 0.25.

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. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the company posted $2.21 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that The J. M. Smucker Company will post 9.8 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 3.83%. J. M. Smucker’s dividend payout ratio is currently 61.10%.

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.