Fisher Asset Management LLC Purchases New Position in The J. M. Smucker Company (NYSE:SJM)

Fisher Asset Management LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJMGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,890 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in J. M. Smucker by 3.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 62,322 shares of the company’s stock worth $8,439,000 after purchasing an additional 1,839 shares during the period. Congress Wealth Management LLC DE bought a new stake in J. M. Smucker in the 4th quarter worth approximately $352,000. Toronto Dominion Bank grew its position in J. M. Smucker by 18.7% in the 4th quarter. Toronto Dominion Bank now owns 75,758 shares of the company’s stock worth $10,289,000 after purchasing an additional 11,949 shares during the period. GHP Investment Advisors Inc. grew its position in J. M. Smucker by 32.9% in the 1st quarter. GHP Investment Advisors Inc. now owns 16,629 shares of the company’s stock worth $2,252,000 after purchasing an additional 4,114 shares during the period. Finally, CWM LLC bought a new stake in J. M. Smucker in the 4th quarter worth approximately $181,000. Institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SJM. Deutsche Bank Aktiengesellschaft cut their target price on shares of J. M. Smucker from $133.00 to $131.00 in a research report on Wednesday, June 8th. Citigroup boosted their price objective on shares of J. M. Smucker to $137.00 in a research report on Thursday, June 9th. Consumer Edge downgraded shares of J. M. Smucker from an “equal weight” rating to an “underweight” rating in a research report on Thursday, June 16th. UBS Group boosted their price objective on shares of J. M. Smucker to $124.00 in a research report on Thursday, June 9th. Finally, Credit Suisse Group set a $140.00 price objective on shares of J. M. Smucker in a research report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average target price of $133.18.

J. M. Smucker Stock Down 0.0 %

SJM opened at $133.08 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 1.03. The J. M. Smucker Company has a fifty-two week low of $118.55 and a fifty-two week high of $146.74. The firm’s fifty day moving average is $128.99 and its 200 day moving average is $133.62. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 14.05 and a beta of 0.25.

J. M. Smucker (NYSE:SJMGet Rating) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.88 by $0.35. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.98 billion. J. M. Smucker had a net margin of 7.90% and a return on equity of 11.71%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.89 EPS. On average, sell-side analysts forecast that The J. M. Smucker Company will post 8.31 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 12th will be paid a $1.02 dividend. The ex-dividend date is Thursday, August 11th. This represents a $4.08 annualized dividend and a yield of 3.07%. This is a boost from J. M. Smucker’s previous quarterly dividend of $0.99. J. M. Smucker’s payout ratio is presently 67.92%.

J. M. Smucker Company Profile

(Get Rating)

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, shortening and oils, and 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.

Further Reading

Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

Receive News & Ratings for J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.