The J. M. Smucker Company $SJM Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 23.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,437 shares of the company’s stock after selling 5,712 shares during the period. Intech Investment Management LLC’s holdings in J. M. Smucker were worth $2,002,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC grew its holdings in shares of J. M. Smucker by 150.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock worth $6,299,000 after buying an additional 34,800 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after purchasing an additional 188,868 shares during the last quarter. Ethic Inc. increased its holdings in shares of J. M. Smucker by 28.8% in the third quarter. Ethic Inc. now owns 54,860 shares of the company’s stock valued at $5,958,000 after purchasing an additional 12,279 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of J. M. Smucker during the third quarter worth approximately $4,476,000. Finally, Thompson Investment Management Inc. purchased a new stake in shares of J. M. Smucker during the third quarter worth approximately $5,464,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of SJM opened at $114.75 on Thursday. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $121.48. The stock has a market cap of $12.24 billion, a P/E ratio of -9.73, a PEG ratio of 4.68 and a beta of 0.22. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $105.01 and a two-hundred day moving average of $105.43.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SJM shares. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. TD Cowen boosted their price target 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. Bank of America raised shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, February 23rd. Barclays raised their price objective on shares of J. M. Smucker from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $119.43.

About J. M. Smucker

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.