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

SL Advisors LLC bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,088 shares of the company’s stock, valued at approximately $132,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Czech National Bank increased its holdings in shares of J. M. Smucker by 0.5% during the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock valued at $2,351,000 after acquiring an additional 88 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in J. M. Smucker by 0.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock valued at $1,803,000 after purchasing an additional 93 shares in the last quarter. Anchor Investment Management LLC increased its stake in J. M. Smucker by 0.5% during the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock valued at $2,158,000 after purchasing an additional 99 shares in the last quarter. State of Michigan Retirement System raised its holdings in J. M. Smucker by 0.3% during the second quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock worth $3,659,000 after buying an additional 100 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in shares of J. M. Smucker by 3.5% in the third quarter. Fulton Bank N.A. now owns 3,178 shares of the company’s stock valued at $385,000 after buying an additional 108 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Up 0.6 %

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

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 EPS. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, August 16th. J. M. Smucker’s dividend payout ratio is presently 60.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. 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 report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. Bank of America dropped their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Finally, Barclays dropped their target price on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $127.25.

J. M. Smucker Profile

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.