LSV Asset Management Sells 100,500 Shares of The J. M. Smucker Company $SJM

LSV Asset Management trimmed its stake in The J. M. Smucker Company (NYSE:SJMFree Report) by 12.4% during the fourth quarter, Holdings Channel reports. The fund owned 708,900 shares of the company’s stock after selling 100,500 shares during the quarter. LSV Asset Management’s holdings in J. M. Smucker were worth $69,338,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Wesbanco Bank Inc. raised its stake in shares of J. M. Smucker by 2.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 3,615 shares of the company’s stock valued at $393,000 after acquiring an additional 102 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of J. M. Smucker by 1.2% in the 3rd quarter. Wedbush Securities Inc. now owns 8,861 shares of the company’s stock valued at $962,000 after acquiring an additional 106 shares in the last quarter. IFP Advisors Inc raised its stake in shares of J. M. Smucker by 22.9% in the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $64,000 after acquiring an additional 109 shares in the last quarter. Diversify Advisory Services LLC raised its stake in shares of J. M. Smucker by 4.2% in the 4th quarter. Diversify Advisory Services LLC now owns 2,815 shares of the company’s stock valued at $287,000 after acquiring an additional 113 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in J. M. Smucker by 5.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,437 shares of the company’s stock valued at $265,000 after buying an additional 118 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $103.46 on Friday. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $119.39. The firm has a market capitalization of $11.03 billion, a PE ratio of -8.78, a PEG ratio of 6.98 and a beta of 0.25. The business’s 50 day moving average is $97.65 and its 200-day moving average is $102.07. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.J. M. Smucker’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 EPS. Sell-side analysts predict that The J. M. Smucker Company will post 9.03 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s payout ratio is currently -37.32%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Monday, April 20th. BNP Paribas Exane set a $125.00 target price on J. M. Smucker in a report on Thursday, April 9th. Evercore assumed coverage on J. M. Smucker in a report on Friday, May 15th. They issued an “outperform” rating and a $117.00 target price on the stock. Sanford C. Bernstein lowered their target price on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday, February 23rd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $116.35.

Read Our Latest Stock Report on SJM

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.

See Also

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

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