AXQ Capital LP Acquires New Position in The J. M. Smucker Company $SJM

AXQ Capital LP acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,871 shares of the company’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in shares of J. M. Smucker in the second quarter valued at approximately $27,000. MUFG Securities EMEA plc bought a new position in shares of J. M. Smucker in the second quarter worth $31,000. Fideuram Asset Management Ireland dac purchased a new position in shares of J. M. Smucker in the fourth quarter valued at $32,000. Rothschild Investment LLC grew its position in shares of J. M. Smucker by 100.4% in the third quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock valued at $62,000 after purchasing an additional 284 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of J. M. Smucker by 22.9% during the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $64,000 after purchasing an additional 109 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a research note on Wednesday, May 20th. Wells Fargo & Company lowered their price target on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Barclays cut their price objective on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research note on Monday, April 20th. Finally, Sanford C. Bernstein decreased their target price on shares of J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $116.59.

J. M. Smucker Stock Performance

Shares of SJM opened at $101.23 on Thursday. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The company has a market cap of $10.80 billion, a PE ratio of -8.59, a price-to-earnings-growth ratio of 6.79 and a beta of 0.27. The stock has a 50-day moving average price of $97.64 and a 200-day moving average price of $101.79.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s payout ratio is presently -37.32%.

J. M. Smucker Company 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.