BNP Paribas Financial Markets Boosts Stake in The J. M. Smucker Company $SJM

BNP Paribas Financial Markets raised its position in The J. M. Smucker Company (NYSE:SJM – Free Report) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 230,994 shares of the company’s stock after purchasing an additional 15,244 shares during the period. BNP Paribas Financial Markets’ holdings in J. M. Smucker were worth $22,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in shares of J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after purchasing an additional 188,868 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $9,444,000. Neo Ivy Capital Management acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $997,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of J. M. Smucker during the 4th quarter valued at approximately $1,406,000. Finally, Dorato Capital Management acquired a new position in J. M. Smucker during the 4th quarter worth approximately $1,682,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 2.5%

NYSE:SJM opened at $103.62 on Friday. The firm’s fifty day moving average is $97.90 and its 200-day moving average is $101.75. 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 52 week low of $88.25 and a 52 week high of $119.39. The firm has a market cap of $11.05 billion, a P/E ratio of -8.79, a P/E/G ratio of 6.83 and a beta of 0.27.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -37.32%.

Analyst Ratings Changes

A number of research firms recently issued reports on SJM. Morgan Stanley upped their price objective on shares of J. M. Smucker from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, April 9th. Sanford C. Bernstein lowered their price objective on shares of J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. BTIG Research reiterated a “buy” rating on shares of J. M. Smucker in a research report on Thursday. Finally, Stifel Nicolaus lowered their price objective on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, April 21st. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.71.

View Our Latest Stock Report on SJM

J. M. Smucker Profile

(Free Report)

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.

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