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

Key Points

• Capitolis Liquid Global Markets LLC purchased 1,040,000 shares of The J. M. Smucker Company in Q3 — about $112.94 million — representing roughly 0.97% ownership and making SJM its 25th-largest holding.
• J. M. Smucker beat quarterly EPS estimates ($2.38 vs. $2.27) with revenue up 7% year-over-year, and it pays a $1.10 quarterly dividend (annualized yield ~4.1%).
• The stock has a market cap of $11.32 billion and a negative P/E (-9.01); analysts carry a consensus "Hold" rating with an average target of $121.14.

Capitolis Liquid Global Markets LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,040,000 shares of the company's stock, valued at approximately $112,944,000. J. M. Smucker comprises approximately 0.9% of Capitolis Liquid Global Markets LLC's portfolio, making the stock its 25th biggest holding. Capitolis Liquid Global Markets LLC owned approximately 0.97% of J. M. Smucker at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC increased its position in J. M. Smucker by 150.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company's stock worth $6,299,000 after buying an additional 34,800 shares during the last quarter. ProShare Advisors LLC raised its stake in J. M. Smucker by 13.8% in the third quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company's stock valued at $169,661,000 after buying an additional 188,868 shares during the period. Ethic Inc. lifted its position in shares of J. M. Smucker by 28.8% in the third quarter. Ethic Inc. now owns 54,860 shares of the company's stock valued at $5,958,000 after buying an additional 12,279 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of J. M. Smucker in the third quarter valued at approximately $4,476,000. Finally, Thompson Investment Management Inc. bought a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $5,464,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $106.17 on Friday. The firm has a market cap 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. The business's 50 day moving average is $106.44 and its 200-day moving average is $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 1-year low of $93.30 and a 1-year high of $120.76.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion during 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%.The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.61 EPS. Equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. J. M. Smucker's payout ratio is currently -37.32%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group decreased their target price on J. M. Smucker from $120.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, November 26th. Stifel Nicolaus reduced their price objective on shares of J. M. Smucker from $115.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, November 26th. Canaccord Genuity Group upgraded shares of J. M. Smucker to a "buy" rating in a report on Friday, January 16th. Citigroup reissued a "hold" rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. Finally, Sanford C. Bernstein upgraded shares of J. M. Smucker from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $121.00 to $145.00 in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $121.14.

J. M. Smucker Company 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.

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