9,691 Shares in The J. M. Smucker Company (NYSE:SJM) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,691 shares of the company’s stock, valued at approximately $1,174,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners acquired a new stake in shares of J. M. Smucker in the 1st quarter worth $364,990,000. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 135,158 shares during the last quarter. ProShare Advisors LLC grew its stake 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 acquiring an additional 192,075 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of 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 valued at $183,518,000 after purchasing an additional 327,680 shares during the last quarter. Finally, Ariel Investments LLC boosted its stake in J. M. Smucker by 56.0% in the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

SJM opened at $115.62 on Thursday. The stock has a market cap of $12.30 billion, a P/E ratio of 16.35, a P/E/G ratio of 3.25 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 firm has a fifty day moving average price of $118.01 and a 200 day moving average price of $115.75. 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 quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share. Equities research analysts anticipate that The J. M. Smucker Company will post 9.8 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.74%. J. M. Smucker’s dividend payout ratio (DPR) is presently 61.10%.

Analysts Set New Price Targets

SJM has been the subject of a number of research analyst reports. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Citigroup dropped their price target 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. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, TD Cowen dropped their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.42.

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.