The J. M. Smucker Company $SJM Shares Sold by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,722 shares of the company’s stock after selling 68,965 shares during the period. J. M. Smucker comprises approximately 2.5% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 11th largest holding. Staley Capital Advisers Inc.’s holdings in J. M. Smucker were worth $61,872,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new position in J. M. Smucker during the second quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker during the second quarter worth about $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter worth about $28,000. Root Financial Partners LLC purchased a new position in J. M. Smucker in the 3rd quarter valued at about $29,000. Finally, MUFG Securities EMEA plc acquired a new stake in J. M. Smucker in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a report on Friday, January 16th. TD Cowen lifted their target price on shares of J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $118.00.

J. M. Smucker Stock Up 0.0%

NYSE SJM opened at $116.06 on Monday. The business’s fifty day simple moving average is $104.10 and its 200-day simple moving average is $105.33. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The firm has a market cap of $12.38 billion, a PE ratio of -9.84, a P/E/G ratio of 7.06 and a beta of 0.22. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $121.48.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm posted $2.61 earnings per share. J. M. Smucker’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

J. M. Smucker Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.