ProShare Advisors LLC Cuts Stock Position in The J. M. Smucker Company $SJM

ProShare Advisors LLC lessened its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,534,578 shares of the company’s stock after selling 27,681 shares during the quarter. ProShare Advisors LLC owned approximately 1.44% of J. M. Smucker worth $150,097,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker in the 2nd quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter valued at $29,000. MUFG Securities EMEA plc purchased a new stake in shares of J. M. Smucker in the 2nd quarter valued at $31,000. Fairway Wealth LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter valued at $59,000. Finally, Rothschild Investment LLC raised its holdings in shares of J. M. Smucker by 100.4% in the 3rd quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock valued at $62,000 after buying an additional 284 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BTIG Research assumed coverage on J. M. Smucker in a report on Monday, April 13th. They issued a “buy” rating and a $120.00 price objective on the stock. TD Cowen cut their price objective on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a report on Thursday, April 9th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a report on Monday, April 20th. Finally, Evercore initiated coverage on J. M. Smucker in a report on Friday. They set an “outperform” rating and a $117.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of “Hold” and an average price target of $116.59.

View Our Latest Analysis on J. M. Smucker

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $103.71 on Tuesday. The stock’s 50-day moving average is $98.21 and its two-hundred day moving average is $102.07. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $119.39. The company has a market cap of $11.06 billion, a price-to-earnings ratio of -8.80, a price-to-earnings-growth ratio of 4.04 and a beta of 0.25.

J. M. Smucker (NYSE:SJMGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $2.61 EPS. J. M. Smucker’s revenue was up 7.0% on a year-over-year basis. Analysts forecast that The J. M. Smucker Company will post 9.04 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.2%. J. M. Smucker’s dividend payout ratio is presently -37.32%.

J. M. Smucker Company Profile

(Free Report)

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.

Further Reading

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

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