British Columbia Investment Management Corp raised its position in shares of J.M. Smucker Co. (NYSE:SJM) by 6.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 83,223 shares of the company’s stock after buying an additional 4,923 shares during the period. British Columbia Investment Management Corp owned about 0.07% of J.M. Smucker worth $11,280,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Carroll Financial Associates Inc. boosted its position in shares of J.M. Smucker by 16.3% in the second quarter. Carroll Financial Associates Inc. now owns 679 shares of the company’s stock worth $103,000 after buying an additional 95 shares during the last quarter. City Holding Co. acquired a new position in shares of J.M. Smucker during the second quarter worth approximately $110,000. PineBridge Investments L.P. acquired a new position in shares of J.M. Smucker during the second quarter worth approximately $134,000. Point72 Asia Hong Kong Ltd boosted its position in shares of J.M. Smucker by 400.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,000 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of J.M. Smucker during the second quarter worth approximately $202,000. 76.15% of the stock is currently owned by institutional investors and hedge funds.

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

J.M. Smucker Co. (NYSE:SJM) traded up 0.70% during midday trading on Friday, hitting $126.46. 298,181 shares of the company traded hands. J.M. Smucker Co. has a 12-month low of $117.36 and a 12-month high of $157.31. The stock has a 50 day moving average of $130.12 and a 200 day moving average of $139.57. The stock has a market cap of $14.72 billion, a P/E ratio of 20.62 and a beta of 0.56.

J.M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, November 17th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.12. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2 billion. J.M. Smucker had a return on equity of 12.41% and a net margin of 9.63%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share. Equities research analysts predict that J.M. Smucker Co. will post $7.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Tuesday, November 8th. J.M. Smucker’s payout ratio is 48.86%.

WARNING: “British Columbia Investment Management Corp Acquires 4,923 Shares of J.M. Smucker Co. (SJM)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/26/british-columbia-investment-management-corp-acquires-4923-shares-of-j-m-smucker-co-sjm.html.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of J.M. Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Deutsche Bank AG reissued a “buy” rating and issued a $162.00 price objective (up from $150.00) on shares of J.M. Smucker in a research note on Monday, November 14th. Credit Suisse Group AG set a $134.00 price objective on shares of J.M. Smucker and gave the company a “hold” rating in a research note on Friday, November 18th. Morgan Stanley reissued a “hold” rating and issued a $142.00 price objective on shares of J.M. Smucker in a research note on Wednesday, August 24th. Finally, Susquehanna reissued a “hold” rating and issued a $139.00 price objective on shares of J.M. Smucker in a research note on Tuesday, September 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. J.M. Smucker has a consensus rating of “Hold” and an average price target of $144.60.

About J.M. Smucker

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

5 Day Chart for NYSE:SJM

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