TABR Capital Management LLC Acquires Shares of 26,750 The J. M. Smucker Company $SJM

TABR Capital Management LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,750 shares of the company’s stock, valued at approximately $2,616,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in J. M. Smucker in the 2nd quarter valued at about $27,000. Elevation Point Wealth Partners LLC acquired a new stake in J. M. Smucker during the second quarter worth approximately $28,000. Root Financial Partners LLC bought a new stake in shares of J. M. Smucker during the third quarter worth approximately $29,000. MUFG Securities EMEA plc bought a new stake in shares of J. M. Smucker during the second quarter worth approximately $31,000. Finally, Caldwell Trust Co acquired a new position in shares of J. M. Smucker in the second quarter valued at approximately $52,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.9%

Shares of SJM stock opened at $99.50 on Monday. 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 cap of $10.61 billion, a P/E ratio of -8.44, a price-to-earnings-growth ratio of 4.14 and a beta of 0.22. The stock has a 50 day simple moving average of $106.93 and a 200 day simple moving average of $104.97. 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 posted its quarterly earnings data on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. On average, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $1.10 dividend. The ex-dividend date was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.4%. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SJM shares. UBS Group lowered their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. JPMorgan Chase & Co. upped their price objective on J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Barclays increased their price objective on J. M. Smucker from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Stifel Nicolaus dropped their target price on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Finally, Sanford C. Bernstein raised shares of J. M. Smucker from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $121.00 to $145.00 in a research report on Wednesday, March 11th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $121.21.

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.