Dimensional Fund Advisors LP Increases Holdings in The J. M. Smucker Company $SJM

Dimensional Fund Advisors LP boosted its position in The J. M. Smucker Company (NYSE:SJM) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,541,357 shares of the company’s stock after buying an additional 239,586 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.38% of J. M. Smucker worth $275,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AlphaQuest LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter worth approximately $26,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker in the 2nd quarter valued at $27,000. Elevation Point Wealth Partners LLC bought a new position in shares of J. M. Smucker during the 2nd quarter valued at $28,000. Root Financial Partners LLC bought a new position in shares of J. M. Smucker during the 3rd quarter valued at $29,000. Finally, MUFG Securities EMEA plc purchased a new position in J. M. Smucker in the 2nd quarter worth $31,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Down 0.0%

Shares of SJM opened at $111.30 on Friday. The stock has a market capitalization of $11.87 billion, a P/E ratio of -9.44, a PEG ratio of 4.64 and a beta of 0.22. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The firm has a fifty day simple moving average of $105.49 and a two-hundred day simple moving average of $105.47.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 earnings per share. On average, research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, February 13th. J. M. Smucker’s payout ratio is currently -37.32%.

Analysts Set New Price Targets

Several research firms have weighed in on SJM. Barclays boosted their price target on shares of J. M. Smucker from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. TD Cowen increased their target price on J. M. Smucker from $105.00 to $112.00 and gave the company a “hold” rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price target on J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $119.43.

About J. M. Smucker

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.