Lbp Am Sa Grows Stock Position in The J. M. Smucker Company $SJM

Lbp Am Sa increased its stake in The J. M. Smucker Company (NYSE:SJM) by 589.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,607 shares of the company’s stock after buying an additional 84,312 shares during the quarter. Lbp Am Sa’s holdings in J. M. Smucker were worth $9,645,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of J. M. Smucker by 10.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,541,357 shares of the company’s stock valued at $275,982,000 after acquiring an additional 239,586 shares during the period. ProShare Advisors LLC lifted its holdings in shares of J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock worth $169,661,000 after acquiring an additional 188,868 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares during the period. National Bank of Canada FI boosted its stake in shares of J. M. Smucker by 797.4% during the 3rd quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after purchasing an additional 1,245,035 shares during the period. Finally, Northern Trust Corp grew its holdings in J. M. Smucker by 14.2% during the 3rd quarter. Northern Trust Corp now owns 1,223,797 shares of the company’s stock valued at $132,904,000 after purchasing an additional 152,179 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SJM shares. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on J. M. Smucker from $117.00 to $97.00 and set a “hold” rating for the company in a report on Monday, March 30th. Sanford C. Bernstein upgraded J. M. Smucker from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $121.00 to $145.00 in a research note on Wednesday, March 11th. Finally, TD Cowen decreased their target price on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.94.

J. M. Smucker Price Performance

Shares of SJM stock opened at $93.89 on Friday. The company has a market capitalization of $10.01 billion, a P/E ratio of -7.96, a P/E/G ratio of 4.06 and a beta of 0.27. The company’s 50-day simple moving average is $103.33 and its two-hundred day simple moving average is $103.15. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.11. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 earnings per share. As a group, equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -37.32%.

J. M. Smucker Company Profile

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.