ProShare Advisors LLC Reduces Stake in The J. M. Smucker Company $SJM

ProShare Advisors LLC lowered its holdings in The J. M. Smucker Company (NYSE:SJM) by 1.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,534,578 shares of the company’s stock after selling 27,681 shares during the period. ProShare Advisors LLC’s holdings in J. M. Smucker were worth $150,097,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. UBS Group AG increased its holdings in shares of J. M. Smucker by 238.7% in the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after acquiring an additional 2,765,559 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of J. M. Smucker by 10.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,541,357 shares of the company’s stock valued at $275,982,000 after acquiring an additional 239,586 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of J. M. Smucker by 6,854.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after purchasing an additional 1,505,991 shares during the period. National Bank of Canada FI boosted its position in shares of J. M. Smucker by 797.4% in the 3rd quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after purchasing an additional 1,245,035 shares during the period. Finally, Northern Trust Corp boosted its position in shares of J. M. Smucker by 14.2% in the 3rd quarter. Northern Trust Corp now owns 1,223,797 shares of the company’s stock valued at $132,904,000 after purchasing an additional 152,179 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 3.2%

J. M. Smucker stock opened at $103.71 on Tuesday. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $119.39. The stock has a 50 day moving average of $98.21 and a two-hundred day moving average of $102.07. 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 stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of -8.80, a PEG ratio of 4.04 and a beta of 0.25.

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 analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm earned $2.61 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts expect that The J. M. Smucker Company will post 9.04 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SJM shares. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research report on Monday, April 20th. Wells Fargo & Company decreased their target price on J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. TD Cowen decreased their target price on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. BTIG Research started coverage on J. M. Smucker in a research report on Monday, April 13th. They issued a “buy” rating and a $120.00 target price for the company. Finally, Wall Street Zen cut J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $116.59.

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.