Inceptionr LLC Invests $1.05 Million in The J. M. Smucker Company $SJM

Inceptionr LLC bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,685 shares of the company’s stock, valued at approximately $1,052,000.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of J. M. Smucker by 7.5% in the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after buying an additional 195,774 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of J. M. Smucker by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after acquiring an additional 49,017 shares during the last quarter. Dimensional Fund Advisors LP grew its position in J. M. Smucker by 10.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,541,357 shares of the company’s stock worth $275,982,000 after acquiring an additional 239,586 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in J. M. Smucker by 45.4% during the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock worth $221,140,000 after acquiring an additional 703,382 shares during the last quarter. Finally, Ilex Capital Partners UK LLP raised its position in J. M. Smucker by 31.0% during the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock valued at $199,701,000 after purchasing an additional 481,660 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 1.8%

Shares of SJM opened at $109.15 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of -9.26, a PEG ratio of 4.63 and a beta of 0.22. The company has a 50-day moving average of $105.69 and a 200 day moving average of $105.35. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $121.48.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company posted $2.61 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, February 13th. J. M. Smucker’s dividend payout ratio is currently -37.32%.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 price objective (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on shares of J. M. Smucker from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Wall Street Zen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday. Finally, UBS Group cut 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. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $119.43.

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.