FMR LLC raised its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 40.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,353,996 shares of the company's stock after purchasing an additional 958,142 shares during the quarter. FMR LLC owned 3.15% of J. M. Smucker worth $406,169,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of SJM. Studio Investment Management LLC purchased a new stake in J. M. Smucker in the 2nd quarter worth about $26,000. Venturi Wealth Management LLC lifted its position in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after purchasing an additional 226 shares in the last quarter. Quarry LP boosted its holdings in shares of J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company's stock worth $35,000 after purchasing an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new position in J. M. Smucker during the third quarter valued at approximately $39,000. Finally, Eastern Bank acquired a new position in J. M. Smucker in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.66% of the company's stock.
J. M. Smucker Stock Performance
Shares of J. M. Smucker stock traded down $0.21 during trading on Friday, reaching $117.79. The company's stock had a trading volume of 1,000,903 shares, compared to its average volume of 1,380,053. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.29 and a beta of 0.25. The business's fifty day moving average price is $116.34 and its 200-day moving average price is $115.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.25 and a current ratio of 0.58. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62.
J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the prior year, the company earned $2.59 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts predict that The J. M. Smucker Company will post 9.85 earnings per share for the current year.
J. M. Smucker Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker's payout ratio is presently 87.45%.
Analyst Ratings Changes
A number of brokerages have issued reports on SJM. TD Cowen decreased their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Citigroup lowered their target price 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 raised J. M. Smucker to a "strong sell" rating in a research note on Thursday, August 29th. Bank of America lowered their price target on J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company raised their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has a consensus rating of "Hold" and a consensus target price of $128.00.
Check Out Our Latest Stock Report on SJM
J. M. Smucker Profile
(
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.
Featured Articles
Before you consider J. M. Smucker, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and J. M. Smucker wasn't on the list.
While J. M. Smucker currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
