Capitolis Liquid Global Markets LLC Invests $112.94 Million in The J. M. Smucker Company $SJM

Capitolis Liquid Global Markets LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 1,040,000 shares of the company’s stock, valued at approximately $112,944,000. J. M. Smucker accounts for about 0.9% of Capitolis Liquid Global Markets LLC’s holdings, making the stock its 25th largest position.

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

Wall Street Analyst Weigh In

SJM has been the topic of several research reports. Morgan Stanley reiterated an “equal weight” rating and set a $105.00 price objective (down from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Barclays increased their price target on J. M. Smucker from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lifted 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. Finally, TD Cowen lifted their price target on shares of J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $121.14.

J. M. Smucker Price Performance

SJM stock opened at $106.17 on Friday. The firm has a 50 day moving average of $106.44 and a 200-day moving average of $105.26. 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 J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $120.76. The firm has a market capitalization of $11.32 billion, a P/E ratio of -9.01, a price-to-earnings-growth ratio of 4.42 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.61 EPS. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, February 13th. J. M. Smucker’s dividend payout ratio (DPR) is currently -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.