86,964 Shares in The J. M. Smucker Company $SJM Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,964 shares of the company’s stock, valued at approximately $9,444,000. Aquatic Capital Management LLC owned 0.08% of J. M. Smucker at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SJM. Two Sigma Investments LP boosted its position in J. M. Smucker by 6,854.4% during the third 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. Norges Bank acquired a new position in shares of J. M. Smucker in the second quarter valued at $112,829,000. Engineers Gate Manager LP bought a new position in shares of J. M. Smucker in the second quarter valued at about $109,896,000. Assenagon Asset Management S.A. lifted its stake in shares of J. M. Smucker by 811.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock worth $99,818,000 after buying an additional 818,245 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of J. M. Smucker by 339.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock worth $111,156,000 after buying an additional 794,851 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

NYSE:SJM opened at $106.17 on Monday. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $120.76. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The firm’s 50-day simple moving average is $106.44 and its 200 day simple moving average is $105.26. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of -9.01, a P/E/G ratio of 4.42 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last posted 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. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm posted $2.61 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, February 13th. J. M. Smucker’s payout ratio is -37.32%.

Analysts Set New Price Targets

A number of brokerages recently commented on SJM. Stifel Nicolaus decreased their price target on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Wall Street Zen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Sanford C. Bernstein upgraded J. M. Smucker from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $121.00 to $145.00 in a report on Wednesday, March 11th. TD Cowen upped their target price on J. M. Smucker from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.14.

J. M. Smucker 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.