Reik & CO. LLC Has $6.72 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Reik & CO. LLC lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 55,462 shares of the company’s stock after selling 707 shares during the period. J. M. Smucker makes up 1.6% of Reik & CO. LLC’s investment portfolio, making the stock its 10th largest holding. Reik & CO. LLC’s holdings in J. M. Smucker were worth $6,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Probity Advisors Inc. lifted its holdings in shares of J. M. Smucker by 1.1% in the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of J. M. Smucker by 0.5% in the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock valued at $2,158,000 after acquiring an additional 99 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of J. M. Smucker by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock valued at $3,659,000 after acquiring an additional 100 shares during the last quarter. Romano Brothers AND Company lifted its holdings in shares of J. M. Smucker by 3.5% in the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after acquiring an additional 100 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of J. M. Smucker by 11.0% in the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SJM. Citigroup lowered their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” 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. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Barclays reduced their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $126.42.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $115.31 on Friday. The firm has a market cap of $12.27 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 3.30 and a beta of 0.25. The firm’s 50 day simple moving average is $118.06 and its 200-day simple moving average is $115.75. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 8.77% and a return on equity of 14.22%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company posted $2.21 earnings per share. As a group, equities analysts predict that The J. M. Smucker Company will post 9.8 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed 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 3.75%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s payout ratio is 61.10%.

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.