Cantor Fitzgerald Investment Advisors L.P. Cuts Stake in The J. M. Smucker Company $SJM

Key Points

• Cantor Fitzgerald Investment Advisors cut its stake in The J. M. Smucker Company by 8.7% in Q4, selling 14,167 shares and leaving it with 148,921 shares (about 0.14% of the company) valued at roughly $14.57 million, its 27th-largest holding.
• J.M. Smucker beat quarterly expectations with EPS of $2.38 versus $2.27 estimated and revenue of $2.34 billion (up 7% year-over-year), though the company reported a negative net margin alongside a positive return on equity.
• The company pays a quarterly dividend of $1.10 (annualized $4.40) for a ~4.8% yield, while analysts hold a consensus rating of "Hold" with a consensus target price of $119.27.

Cantor Fitzgerald Investment Advisors L.P. reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,921 shares of the company's stock after selling 14,167 shares during the period. J. M. Smucker accounts for about 1.1% of Cantor Fitzgerald Investment Advisors L.P.'s investment portfolio, making the stock its 27th largest position. Cantor Fitzgerald Investment Advisors L.P. owned 0.14% of J. M. Smucker worth $14,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of SJM. CYBER HORNET ETFs LLC purchased a new position in J. M. Smucker in the second quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new position in J. M. Smucker in the third quarter valued at approximately $29,000. MUFG Securities EMEA plc purchased a new position in J. M. Smucker in the second quarter valued at approximately $31,000. Caldwell Trust Co purchased a new position in J. M. Smucker in the second quarter valued at approximately $52,000. Finally, First Horizon Corp purchased a new position in J. M. Smucker in the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Trading Down 1.7%

SJM opened at $90.88 on Friday. The firm has a market capitalization of $9.69 billion, a P/E ratio of -7.71, a P/E/G ratio of 4.02 and a beta of 0.27. The firm's 50 day moving average is $104.52 and its 200-day moving average is $103.61. The J. M. Smucker Company has a 52-week low of $90.42 and a 52-week high of $119.39. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.11. The company had revenue of $2.34 billion for 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 earnings per share. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.8%. J. M. Smucker's dividend payout ratio (DPR) is presently -37.32%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays raised their price target on shares of J. M. Smucker from $105.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday, March 2nd. Wall Street Zen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating in a report on Sunday, March 8th. Canaccord Genuity Group upgraded shares of J. M. Smucker to a "buy" rating in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of J. M. Smucker from $117.00 to $97.00 and set a "hold" rating on the stock in a report on Monday, March 30th. Finally, Wells Fargo & Company dropped their price objective on shares of J. M. Smucker from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $119.27.

About J. M. Smucker

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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