Cerity Partners LLC Boosts Stake in The J. M. Smucker Company (NYSE:SJM)

Cerity Partners LLC lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,853 shares of the company’s stock after purchasing an additional 6,087 shares during the period. Cerity Partners LLC owned about 0.10% of J. M. Smucker worth $12,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SJM. Great Valley Advisor Group Inc. purchased a new position in J. M. Smucker during the third quarter valued at $3,266,000. Nwam LLC acquired a new position in shares of J. M. Smucker during the third quarter valued at approximately $221,000. Meridian Wealth Management LLC acquired a new position in J. M. Smucker in the 3rd quarter valued at $267,000. Raymond James Trust N.A. raised its position in shares of J. M. Smucker by 6.8% in the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after buying an additional 310 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in J. M. Smucker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock valued at $119,966,000 after acquiring an additional 13,276 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SJM shares. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Citigroup reduced their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company dropped their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Finally, DA Davidson restated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $127.09.

J. M. Smucker Stock Up 0.3 %

J. M. Smucker stock opened at $113.65 on Tuesday. The stock has a market cap of $12.09 billion, a PE ratio of 16.07, a P/E/G ratio of 3.18 and a beta of 0.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The stock’s fifty day moving average is $116.42 and its two-hundred day moving average is $115.55. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its 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 for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $2.21 EPS. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.79 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is 61.10%.

J. M. Smucker Company 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.