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

Brevan Howard Capital Management LP lessened its position in The J. M. Smucker Company (NYSE:SJM) by 54.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other large investors have also made changes to their positions in the company. Two Sigma Investments LP boosted its position in J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after buying an additional 1,505,991 shares in the last quarter. Norges Bank bought a new stake in J. M. Smucker during the second quarter worth about $112,829,000. Engineers Gate Manager LP acquired a new stake in shares of J. M. Smucker during the second quarter worth approximately $109,896,000. Capitolis Liquid Global Markets LLC acquired a new stake in shares of J. M. Smucker during the third quarter worth approximately $112,944,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of J. M. Smucker by 811.0% in the third quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock valued at $99,818,000 after acquiring an additional 818,245 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of research analyst reports. UBS Group decreased their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their target price on J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.14.

J. M. Smucker Price Performance

SJM opened at $104.81 on Tuesday. 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 stock has a market capitalization 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. The company’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 one year low of $93.30 and a one year high of $120.76.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company posted $2.61 EPS. J. M. Smucker’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $1.10 per share. The ex-dividend date 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 payout ratio is presently -37.32%.

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.