Landscape Capital Management L.L.C. Has $13.65 Million Stake in The J. M. Smucker Company $SJM

Key Points

• Landscape Capital raised its stake in The J. M. Smucker Company by 79.1% in Q3 to 125,715 shares worth $13.65 million, making SJM its 13th-largest position (0.12% of the company).
• Smucker's recent quarter beat EPS estimates ($2.38 vs. $2.27) with revenue up 7% to $2.34B, yet the company showed a negative net margin (-14.07%) and a negative PE (-9.05); it pays a $1.10 quarterly dividend (4.1% yield) and carries a consensus analyst rating of "Hold" with an average target of $121.14.

Landscape Capital Management L.L.C. lifted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 79.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,715 shares of the company's stock after buying an additional 55,504 shares during the quarter. J. M. Smucker comprises about 0.9% of Landscape Capital Management L.L.C.'s holdings, making the stock its 13th largest position. Landscape Capital Management L.L.C. owned 0.12% of J. M. Smucker worth $13,653,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in J. M. Smucker during the second quarter valued at $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at about $28,000. Root Financial Partners LLC bought a new stake in shares of J. M. Smucker during the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc acquired a new stake in J. M. Smucker during the second quarter worth approximately $31,000. Finally, Caldwell Trust Co bought a new stake in J. M. Smucker in the second quarter worth approximately $52,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Up 0.7%

J. M. Smucker stock traded up $0.74 during mid-day trading on Friday, reaching $106.74. The stock had a trading volume of 137,802 shares, compared to its average volume of 2,055,250. The firm has a market capitalization of $11.38 billion, a PE ratio of -9.05, a price-to-earnings-growth ratio of 4.48 and a beta of 0.22. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $120.76. The stock's 50-day simple moving average is $106.25 and its 200-day simple moving average is $105.33. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the business earned $2.61 EPS. J. M. Smucker's quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal 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 paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, February 13th. J. M. Smucker's dividend payout ratio (DPR) is -37.32%.

Analysts Set New Price Targets

A number of research firms have issued reports on SJM. Weiss Ratings restated a "sell (d)" rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Sunday, March 8th. Citigroup reissued a "hold" rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Sanford C. Bernstein upgraded shares of J. M. Smucker from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $121.00 to $145.00 in a report on Wednesday. Finally, Barclays lifted 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 research note on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $121.14.

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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