Folger Nolan Fleming Douglas Capital Management Inc. Sells 1,000 Shares of The J. M. Smucker Company (NYSE:SJM)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its holdings in The J. M. Smucker Company (NYSE:SJM) by 19.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,206 shares of the company’s stock after selling 1,000 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in J. M. Smucker were worth $509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker in the second quarter valued at about $26,000. Quarry LP grew its position in J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the last quarter. Eastern Bank purchased a new position in shares of J. M. Smucker in the third quarter worth $40,000. Trivant Custom Portfolio Group LLC acquired a new position in J. M. Smucker in the 3rd quarter worth approximately $42,000. Finally, Rothschild Investment LLC acquired a new stake in J. M. Smucker during the 2nd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $113.90 on Thursday. The company has a market capitalization of $12.12 billion, a PE ratio of 16.11, a P/E/G ratio of 3.32 and a beta of 0.24. 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 52-week low of $105.69 and a 52-week high of $134.62. The company has a 50-day simple moving average of $118.58 and a 200-day simple moving average of $115.64.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 earnings per share. Equities research analysts predict that The J. M. Smucker Company will post 9.81 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is 61.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company cut their target price 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. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. TD Cowen dropped their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Bank of America decreased their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Finally, Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $126.42.

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.