Stance Capital LLC Has $3.85 Million Holdings in The J. M. Smucker Company $SJM

Stance Capital LLC increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 371.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,471 shares of the company’s stock after purchasing an additional 27,948 shares during the period. J. M. Smucker comprises about 1.4% of Stance Capital LLC’s investment portfolio, making the stock its 13th largest position. Stance Capital LLC’s holdings in J. M. Smucker were worth $3,852,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in J. M. Smucker by 10.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after buying an additional 1,763 shares during the period. United Services Automobile Association bought a new position in shares of J. M. Smucker during the 1st quarter worth about $253,000. Empowered Funds LLC boosted its position in shares of J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after acquiring an additional 2,889 shares in the last quarter. Woodline Partners LP increased its stake in J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,600 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in J. M. Smucker by 4.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 15,683 shares of the company’s stock valued at $1,540,000 after acquiring an additional 722 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

NYSE SJM opened at $102.58 on Wednesday. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of -8.70, a PEG ratio of 4.37 and a beta of 0.22. The company has a 50 day moving average of $106.78 and a 200-day moving average of $105.19. 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 J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $120.76.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.J. M. Smucker’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 EPS. On average, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, February 13th. J. M. Smucker’s dividend payout ratio is presently -37.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SJM shares. TD Cowen raised their price target on shares of J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Citigroup reiterated a “hold” rating on shares of J. M. Smucker 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, January 21st. Stifel Nicolaus cut their target price on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $105.00 price target (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price 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.