Brevan Howard Capital Management LP Has $3.38 Million Stock Position in The J. M. Smucker Company $SJM

Brevan Howard Capital Management LP reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 54.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,105 shares of the company’s stock after selling 36,767 shares during the period. Brevan Howard Capital Management LP’s holdings in J. M. Smucker were worth $3,378,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of J. M. Smucker by 7.5% in the second quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after acquiring an additional 195,774 shares during the last quarter. Geode Capital Management LLC raised its stake in J. M. Smucker by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after purchasing an additional 49,017 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in J. M. Smucker by 10.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,541,357 shares of the company’s stock valued at $275,982,000 after purchasing an additional 239,586 shares during the period. Balyasny Asset Management L.P. boosted its holdings in J. M. Smucker by 45.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock valued at $221,140,000 after purchasing an additional 703,382 shares during the period. Finally, Ilex Capital Partners UK LLP grew its position in J. M. Smucker by 31.0% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock worth $199,701,000 after purchasing an additional 481,660 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $104.81 on Tuesday. 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 $106.65 and its 200-day simple moving average is $105.24. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $120.76. The firm has a market cap of $11.18 billion, a P/E ratio of -8.89, a price-to-earnings-growth ratio of 4.42 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.11. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.61 earnings per share. As a group, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.2%. J. M. Smucker’s dividend payout ratio is presently -37.32%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SJM. TD Cowen boosted their price objective on shares of J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, February 20th. JPMorgan Chase & Co. increased their target price on shares of J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Citigroup restated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Finally, Wall Street Zen cut J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average 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.