5,903 Shares in The J. M. Smucker Company $SJM Bought by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 3rd quarter, Holdings Channel.com reports. The firm bought 5,903 shares of the company’s stock, valued at approximately $641,000.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC raised its position in shares of J. M. Smucker by 150.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock worth $6,299,000 after acquiring an additional 34,800 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of J. M. Smucker by 13.8% in the third quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock worth $169,661,000 after acquiring an additional 188,868 shares during the period. Ethic Inc. boosted its holdings in J. M. Smucker by 28.8% in the third quarter. Ethic Inc. now owns 54,860 shares of the company’s stock valued at $5,958,000 after acquiring an additional 12,279 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in J. M. Smucker during the 3rd quarter valued at approximately $4,476,000. Finally, Thompson Investment Management Inc. bought a new position in J. M. Smucker during the 3rd quarter worth approximately $5,464,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and set a $105.00 price target (down from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $121.14.

J. M. Smucker Stock Up 0.2%

Shares of NYSE SJM opened at $106.17 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The firm has a market cap of $11.32 billion, a PE ratio of -9.01, a P/E/G ratio of 4.42 and a beta of 0.22. The company’s fifty day simple moving average is $106.44 and its 200 day simple moving average is $105.26. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $120.76.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating 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 the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

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