Speece Thorson Capital Group Inc. Cuts Stock Holdings in The J. M. Smucker Company $SJM

Speece Thorson Capital Group Inc. decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,299 shares of the company’s stock after selling 34,949 shares during the quarter. J. M. Smucker accounts for approximately 2.7% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its 19th largest position. Speece Thorson Capital Group Inc.’s holdings in J. M. Smucker were worth $12,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker in the second quarter worth approximately $27,000. Root Financial Partners LLC purchased a new stake in J. M. Smucker in the third quarter worth approximately $29,000. MUFG Securities EMEA plc purchased a new stake in J. M. Smucker in the second quarter worth approximately $31,000. First Horizon Corp purchased a new stake in J. M. Smucker in the third quarter worth approximately $56,000. Finally, Fairway Wealth LLC purchased a new stake in J. M. Smucker in the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SJM. JPMorgan Chase & Co. upped their target price on J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. BTIG Research assumed coverage on J. M. Smucker in a research report on Monday, April 13th. They issued a “buy” rating and a $120.00 price objective for the company. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research report on Thursday, April 9th. Wells Fargo & Company lowered their price objective 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. Finally, Sanford C. Bernstein upgraded J. M. Smucker from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $121.00 to $145.00 in a research report on Wednesday, March 11th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price of $117.25.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $96.04 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The stock has a 50 day moving average price of $101.64 and a two-hundred day moving average price of $102.60. The company has a market capitalization of $10.24 billion, a P/E ratio of -8.15, a PEG ratio of 4.18 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data 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 positive return on equity of 15.94% and a negative net margin of 14.07%.The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Analysts expect that The J. M. Smucker Company will post 9.05 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.6%. J. M. Smucker’s dividend payout ratio (DPR) is presently -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.