Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,193 shares of the company’s stock after selling 13,644 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of J. M. Smucker worth $13,053,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter worth $26,000. Bank of Jackson Hole Trust boosted its position in shares of J. M. Smucker by 104.5% during the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after buying an additional 140 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in J. M. Smucker in the 2nd quarter worth about $27,000. Elevation Point Wealth Partners LLC purchased a new position in J. M. Smucker in the 2nd quarter worth about $28,000. Finally, Root Financial Partners LLC bought a new position in J. M. Smucker during the 3rd quarter valued at about $29,000. 81.66% of the stock is owned by institutional investors.
J. M. Smucker Stock Up 0.4%
SJM opened at $102.53 on Friday. The firm’s 50 day simple moving average is $100.86 and its two-hundred day simple moving average is $105.34. The company has a market capitalization of $10.94 billion, a PE ratio of -9.14, a PEG ratio of 6.97 and a beta of 0.23. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $121.48. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16.
J. M. Smucker Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. J. M. Smucker’s payout ratio is -39.22%.
Wall Street Analyst Weigh In
SJM has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley restated an “equal weight” rating and issued a $105.00 target price (down previously from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Sanford C. Bernstein boosted their target price on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday. Finally, Stifel Nicolaus cut their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $114.93.
Get Our Latest Stock Report on J. M. Smucker
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.
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