Tidal Investments LLC Purchases 190 Shares of The J. M. Smucker Company (NYSE:SJM)

Tidal Investments LLC grew its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,038 shares of the company’s stock after buying an additional 190 shares during the quarter. Tidal Investments LLC’s holdings in J. M. Smucker were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SJM. FMR LLC lifted its holdings in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares during the period. State Street Corp increased its stake in shares of J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after purchasing an additional 762,746 shares in the last quarter. Bank of Montreal Can increased its stake in shares of J. M. Smucker by 186.3% in the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after purchasing an additional 523,803 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of J. M. Smucker by 891.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after purchasing an additional 521,404 shares in the last quarter. Finally, Ariel Investments LLC increased its stake in shares of J. M. Smucker by 56.0% in the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. DA Davidson restated a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $128.56.

J. M. Smucker Trading Up 1.6 %

Shares of SJM stock opened at $114.56 on Wednesday. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market capitalization of $12.19 billion, a PE ratio of 23.19, a PEG ratio of 3.46 and a beta of 0.26. The stock has a fifty day simple moving average of $115.57 and a two-hundred day simple moving average of $116.01.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm posted $2.59 earnings per share. The business’s revenue was up 17.2% compared to the same quarter last year. On average, analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $1.08 per share. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.77%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

J. M. Smucker Company Profile

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.