Blair William & Co. IL Trims Holdings in The J. M. Smucker Company $SJM

Blair William & Co. IL decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 24.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,232 shares of the company’s stock after selling 8,432 shares during the period. Blair William & Co. IL’s holdings in J. M. Smucker were worth $2,849,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after acquiring an additional 1,763 shares in the last quarter. United Services Automobile Association purchased a new position in J. M. Smucker during the 1st quarter valued at $253,000. Empowered Funds LLC increased its position in J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares during the period. Woodline Partners LP raised its holdings in J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Savant Capital LLC lifted its position in shares of J. M. Smucker by 142.4% in the 2nd quarter. Savant Capital LLC now owns 4,598 shares of the company’s stock worth $452,000 after purchasing an additional 2,701 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.9%

NYSE:SJM opened at $107.51 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The firm has a market cap of $11.47 billion, a P/E ratio of -9.12, a P/E/G ratio of 4.52 and a beta of 0.22. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $120.76. The firm has a 50-day simple moving average of $106.09 and a two-hundred day simple moving average of $105.33.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data 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. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.61 EPS. Analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. J. M. Smucker’s dividend payout ratio (DPR) is -37.32%.

Wall Street Analyst Weigh In

SJM has been the topic of several research analyst reports. Sanford C. Bernstein upgraded shares of J. M. Smucker from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $121.00 to $145.00 in a research report on Wednesday. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. UBS Group dropped their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $105.00 price objective (down from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Finally, Barclays boosted their target price on shares of J. M. Smucker from $105.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.14.

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.