Signaturefd LLC Has $364,000 Stock Position in The J. M. Smucker Company (NYSE:SJM)

Signaturefd LLC grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,006 shares of the company’s stock after buying an additional 399 shares during the quarter. Signaturefd LLC’s holdings in J. M. Smucker were worth $364,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SJM. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker during the second quarter valued at about $26,000. Quarry LP boosted its holdings in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the last quarter. Rothschild Investment LLC purchased a new position in J. M. Smucker during the second quarter worth about $42,000. Trivant Custom Portfolio Group LLC purchased a new position in J. M. Smucker during the third quarter worth about $42,000. Finally, Central Valley Advisors LLC purchased a new position in J. M. Smucker during the second quarter worth about $45,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

NYSE SJM opened at $116.07 on Friday. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The stock has a market capitalization of $12.33 billion, a PE ratio of 16.30, a P/E/G ratio of 3.12 and a beta of 0.24. The company’s 50 day simple moving average is $118.99 and its two-hundred day simple moving average is $115.59.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the company posted $2.21 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. Analysts predict that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s dividend payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SJM shares. DA Davidson restated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $125.00 in a report on Friday. TD Cowen cut their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Barclays dropped their target price on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $126.42.

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.