Polaris Capital Management LLC raised its stake in shares of J M Smucker Co (NYSE:SJM) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 354,036 shares of the company’s stock after buying an additional 37,632 shares during the quarter. J M Smucker comprises about 1.8% of Polaris Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Polaris Capital Management LLC owned about 0.31% of J M Smucker worth $36,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SJM. CSat Investment Advisory L.P. purchased a new position in J M Smucker during the second quarter valued at $122,000. Truvestments Capital LLC purchased a new position in shares of J M Smucker in the third quarter worth $154,000. Squar Milner Financial Services LLC purchased a new position in shares of J M Smucker in the second quarter worth $160,000. IMS Capital Management purchased a new position in shares of J M Smucker in the second quarter worth $181,000. Finally, CWM LLC raised its stake in shares of J M Smucker by 347.5% in the third quarter. CWM LLC now owns 1,763 shares of the company’s stock worth $181,000 after purchasing an additional 1,369 shares during the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Several research firms have recently weighed in on SJM. Zacks Investment Research restated a “sell” rating on shares of J M Smucker in a research note on Thursday, November 15th. ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Bank of America restated a “neutral” rating and issued a $106.00 price target on shares of J M Smucker in a research note on Wednesday, October 3rd. Wolfe Research cut J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. Finally, Credit Suisse Group set a $95.00 price target on J M Smucker and gave the stock a “sell” rating in a research note on Friday, September 21st. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. J M Smucker presently has a consensus rating of “Hold” and an average target price of $122.09.

SJM stock opened at $111.85 on Tuesday. The firm has a market capitalization of $12.86 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.11 and a beta of 0.35. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 0.51. J M Smucker Co has a 1-year low of $96.13 and a 1-year high of $133.38.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.02. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. J M Smucker’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, research analysts anticipate that J M Smucker Co will post 8.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 16th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, November 15th. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.

In related news, SVP Jeannette L. Knudsen sold 1,500 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $110.74, for a total transaction of $166,110.00. Following the completion of the sale, the senior vice president now owns 26,224 shares in the company, valued at $2,904,045.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.92% of the stock is currently owned by corporate insiders.

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J M Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

See Also: Intrinsic Value

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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