Entropy Technologies LP acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,573 shares of the company's stock, valued at approximately $796,000.
A number of other hedge funds have also modified their holdings of SJM. Boston Partners acquired a new position in shares of J. M. Smucker in the 1st quarter valued at about $364,990,000. Bank of Montreal Can increased its holdings in shares of J. M. Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company's stock valued at $90,195,000 after acquiring an additional 523,803 shares during the last quarter. Ariel Investments LLC raised its holdings 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 acquiring an additional 486,624 shares during the period. Ilex Capital Partners UK LLP acquired a new position in J. M. Smucker during the 1st quarter worth $48,207,000. Finally, Champlain Investment Partners LLC boosted its holdings in J. M. Smucker by 29.0% during the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company's stock valued at $183,518,000 after acquiring an additional 327,680 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.
J. M. Smucker Stock Performance
Shares of NYSE SJM traded down $2.72 during midday trading on Friday, hitting $106.92. 1,900,709 shares of the company's stock were exchanged, compared to its average volume of 1,156,393. The company's 50 day moving average price is $117.52 and its 200 day moving average price is $115.61. 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 firm has a market capitalization of $11.38 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 3.18 and a beta of 0.25. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.
J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. J. M. Smucker's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.21 earnings per share. As a group, analysts predict that The J. M. Smucker Company will post 9.8 earnings per share for the current fiscal year.
J. M. Smucker Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker's dividend payout ratio (DPR) is presently 61.10%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on SJM. DA Davidson reiterated a "neutral" rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. Citigroup cut their price target on J. M. Smucker from $138.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a "strong sell" rating in a research note on Thursday, August 29th. Bank of America cut their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research report 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 company 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, eight have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $127.09.
Get Our Latest Research Report on SJM
About J. M. Smucker
(
Free Report)
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.
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