Wilmington Savings Fund Society FSB Takes $682,000 Position in The J. M. Smucker Company (NYSE:SJM)

Wilmington Savings Fund Society FSB purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, Holdings Channel reports. The fund purchased 5,634 shares of the company’s stock, valued at approximately $682,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SJM. Studio Investment Management LLC bought a new stake in J. M. Smucker during the second quarter valued at about $26,000. Venturi Wealth Management LLC lifted 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 valued at $29,000 after buying an additional 226 shares in the last quarter. Quarry LP increased its holdings in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in J. M. Smucker during the 3rd quarter worth approximately $39,000. Finally, Eastern Bank purchased a new position in J. M. Smucker during the third quarter valued at approximately $40,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SJM. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. 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 research note on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Citigroup dropped their price target 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. Finally, Barclays reduced their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $128.56.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $113.53 on Monday. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 3.46 and a beta of 0.26. The firm’s fifty day moving average is $115.68 and its 200 day moving average is $115.95. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the firm earned $2.59 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts forecast that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

About J. M. Smucker

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.