The J. M. Smucker Company (NYSE:SJM) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,519 shares of the company’s stock after buying an additional 1,348 shares during the quarter. GHP Investment Advisors Inc.’s holdings in J. M. Smucker were worth $5,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aviance Capital Partners LLC purchased a new position in shares of J. M. Smucker in the first quarter valued at $490,000. Diversified Trust Co boosted its position in J. M. Smucker by 15.0% in the 1st quarter. Diversified Trust Co now owns 6,594 shares of the company’s stock valued at $830,000 after buying an additional 858 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of J. M. Smucker during the first quarter valued at about $201,000. KFG Wealth Management LLC acquired a new stake in shares of J. M. Smucker during the first quarter valued at about $233,000. Finally, Abundance Wealth Counselors lifted its stake in shares of J. M. Smucker by 10.9% in the first quarter. Abundance Wealth Counselors now owns 14,569 shares of the company’s stock worth $1,834,000 after acquiring an additional 1,430 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $116.07 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 firm’s 50-day moving average price is $118.99 and its two-hundred day moving average price is $115.58. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The stock has a market capitalization of $12.33 billion, a P/E ratio of 16.30, a P/E/G ratio of 3.12 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results 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. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.82 earnings per share for the current 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 issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.72%. J. M. Smucker’s dividend payout ratio (DPR) is presently 60.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. TD Cowen decreased their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company cut their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $135.00 to $125.00 in a report on Friday. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $126.42.

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.