Holocene Advisors LP Invests $4.95 Million in The J. M. Smucker Company (NYSE:SJM)

Holocene Advisors LP purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 40,837 shares of the company’s stock, valued at approximately $4,945,000.

Several other institutional investors have also recently added to or reduced their stakes in SJM. Cetera Investment Advisers increased its position in J. M. Smucker by 62.0% in the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after acquiring an additional 9,250 shares during the period. Cetera Advisors LLC increased its position in J. M. Smucker by 21.1% in the 1st quarter. Cetera Advisors LLC now owns 11,906 shares of the company’s stock valued at $1,499,000 after acquiring an additional 2,077 shares during the period. Mather Group LLC. increased its position in J. M. Smucker by 8.4% in the 2nd quarter. Mather Group LLC. now owns 2,583 shares of the company’s stock valued at $282,000 after acquiring an additional 200 shares during the period. Central Valley Advisors LLC acquired a new position in J. M. Smucker in the 2nd quarter valued at about $45,000. Finally, Sound Income Strategies LLC increased its position in J. M. Smucker by 51.5% in the 2nd quarter. Sound Income Strategies LLC now owns 1,080 shares of the company’s stock valued at $118,000 after acquiring an additional 367 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $115.44 on Thursday. The business’s 50 day simple moving average is $116.35 and its 200-day simple moving average is $115.69. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 3.37 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the company earned $2.59 EPS. J. M. Smucker’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s payout ratio is currently 87.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SJM shares. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. TD Cowen dropped their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Citigroup dropped their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company boosted their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Barclays dropped their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $127.73.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.