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

TABR Capital Management LLC bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, Holdings Channel reports. The institutional investor bought 26,750 shares of the company’s stock, valued at approximately $2,616,000.

Other large investors have also made changes to their positions in the company. Two Sigma Investments LP increased its stake in J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after acquiring an additional 1,505,991 shares during the last quarter. National Bank of Canada FI lifted its stake in J. M. Smucker by 797.4% during the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after purchasing an additional 1,245,035 shares during the last quarter. Norges Bank bought a new stake in J. M. Smucker during the second quarter worth $112,829,000. Engineers Gate Manager LP acquired a new stake in shares of J. M. Smucker in the 2nd quarter valued at $109,896,000. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at $112,944,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.9%

Shares of NYSE:SJM opened at $99.50 on Monday. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $120.76. The company has a market capitalization of $10.61 billion, a PE ratio of -8.44, a price-to-earnings-growth ratio of 4.14 and a beta of 0.22. 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 company has a fifty day moving average of $106.93 and a 200-day moving average of $104.97.

J. M. Smucker (NYSE:SJM) last released 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. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.J. M. Smucker’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $2.61 EPS. On average, equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley reissued an “equal weight” rating and set a $105.00 price target (down from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Stifel Nicolaus reduced their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lifted their target price on J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. Finally, TD Cowen dropped their target price on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a report on Thursday. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.