Curi RMB Capital LLC decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 90.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,770 shares of the company's stock after selling 27,193 shares during the period. Curi RMB Capital LLC's holdings in J. M. Smucker were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Boston Partners bought a new stake in J. M. Smucker during the first quarter valued at about $364,990,000. Dimensional Fund Advisors LP lifted its position in shares of J. M. Smucker by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company's stock valued at $194,435,000 after buying an additional 135,158 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of J. M. Smucker by 14.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company's stock valued at $166,403,000 after acquiring an additional 192,075 shares during the period. Champlain Investment Partners LLC increased its holdings in J. M. Smucker by 29.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company's stock worth $183,518,000 after acquiring an additional 327,680 shares in the last quarter. Finally, Ariel Investments LLC raised its stake in J. M. Smucker by 56.0% during the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company's stock worth $147,749,000 after acquiring an additional 486,624 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of J. M. Smucker stock opened at $106.92 on Friday. The firm has a market cap of $11.38 billion, a PE ratio of 15.12, a PEG ratio of 3.17 and a beta of 0.25. The stock has a 50 day moving average of $117.25 and a 200 day moving average of $115.56. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.
J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company earned $2.21 EPS. The company's quarterly revenue was up 17.7% compared to the same quarter last year. On average, research analysts expect that The J. M. Smucker Company will post 9.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.04%. J. M. Smucker's dividend payout ratio (DPR) is presently 61.10%.
A number of equities analysts have weighed in on the stock. Bank of America dropped their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. TD Cowen cut their price target on J. M. Smucker from $135.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus cut J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price target for the company from $135.00 to $125.00 in a report on Friday, October 25th. Wells Fargo & Company dropped their price objective on J. M. Smucker from $140.00 to $130.00 and set an "overweight" rating for the company in a research note on Thursday, August 29th. Finally, Citigroup decreased their target price on J. M. Smucker from $138.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $127.09.
Check Out Our Latest Research Report on J. M. Smucker
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.
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