SL Advisors LLC Acquires New Stake in The J. M. Smucker Company (NYSE:SJM)

SL Advisors LLC bought a new position in The J. M. Smucker Company (NYSE:SJM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,088 shares of the company’s stock, valued at approximately $132,000.

Other institutional investors have also added to or reduced their stakes in the company. Studio Investment Management LLC purchased a new position in shares of J. M. Smucker during the second quarter worth about $26,000. Cooksen Wealth LLC bought a new stake in J. M. Smucker during the fourth quarter valued at approximately $33,000. Quarry LP grew its stake in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of J. M. Smucker in the 2nd quarter worth $42,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of J. M. Smucker during the 3rd quarter valued at $42,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on SJM shares. DA Davidson reiterated a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a research report on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. TD Cowen decreased their price objective on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Citigroup cut their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Barclays decreased their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $127.25.

J. M. Smucker Stock Up 0.6 %

Shares of J. M. Smucker stock opened at $116.84 on Wednesday. The company’s 50 day moving average price is $119.13 and its 200-day moving average price is $115.82. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 3.11 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm earned $2.21 earnings per share. J. M. Smucker’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a dividend yield of 3.70%. J. M. Smucker’s payout ratio is 60.67%.

About J. M. Smucker

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.