LSV Asset Management Has $69.34 Million Stock Position in The J. M. Smucker Company $SJM

LSV Asset Management decreased its stake in The J. M. Smucker Company (NYSE:SJM) by 12.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 708,900 shares of the company’s stock after selling 100,500 shares during the quarter. LSV Asset Management owned 0.66% of J. M. Smucker worth $69,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker in the 2nd quarter worth about $27,000. Root Financial Partners LLC purchased a new stake in J. M. Smucker in the 3rd quarter worth about $29,000. MUFG Securities EMEA plc purchased a new stake in J. M. Smucker in the 2nd quarter worth about $31,000. Rothschild Investment LLC lifted its stake in J. M. Smucker by 100.4% in the 3rd quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock worth $62,000 after acquiring an additional 284 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in J. M. Smucker by 22.9% in the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Up 1.5%

SJM opened at $103.46 on Friday. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The business has a 50-day moving average of $97.65 and a 200-day moving average of $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 company has a market capitalization of $11.03 billion, a PE ratio of -8.78, a price-to-earnings-growth ratio of 6.98 and a beta of 0.25.

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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business earned $2.61 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that The J. M. Smucker Company will post 9.03 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SJM. Barclays reduced their price objective on J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. reduced their price objective on J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research note on Thursday, April 9th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $116.35.

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.