Rowlandmiller & PARTNERS.ADV Sells 370 Shares of The J. M. Smucker Company (NYSE:SJM)

Rowlandmiller & PARTNERS.ADV reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,574 shares of the company’s stock after selling 370 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in J. M. Smucker were worth $554,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Boston Partners bought a new position in shares of J. M. Smucker during the first quarter worth about $364,990,000. Dimensional Fund Advisors LP grew its holdings in shares of J. M. Smucker by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock worth $194,435,000 after buying an additional 135,158 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after buying an additional 192,075 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of J. M. Smucker by 29.0% during the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after buying an additional 327,680 shares in the last quarter. Finally, Ariel Investments LLC grew its holdings in shares of J. M. Smucker by 56.0% during the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after buying an additional 486,624 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Performance

SJM opened at $117.04 on Friday. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.12 and a beta of 0.24. The business has a 50 day moving average of $119.04 and a 200-day moving average of $115.59. The company has a quick ratio of 0.25, a current ratio of 0.55 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) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $2.21 EPS. On average, equities research analysts expect that The J. M. Smucker Company will post 9.82 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.69%. J. M. Smucker’s payout ratio is currently 61.10%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. TD Cowen decreased 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. Citigroup decreased their price target on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Bank of America decreased their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.25.

J. M. Smucker Profile

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.