Catalyst Capital Advisors LLC Invests $39,000 in The J. M. Smucker Company (NYSE:SJM)

Catalyst Capital Advisors LLC purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 321 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds have also made changes to their positions in the business. Boston Partners acquired a new stake in shares of J. M. Smucker during the first quarter worth about $364,990,000. Dimensional Fund Advisors LP lifted its position in shares of J. M. Smucker by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock worth $194,435,000 after purchasing an additional 135,158 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after purchasing an additional 192,075 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of J. M. Smucker by 29.0% during the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after purchasing an additional 327,680 shares in the last quarter. Finally, Ariel Investments LLC lifted its position in shares of J. M. Smucker by 56.0% during the second 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. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $115.62 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The firm has a market cap of $12.30 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 3.25 and a beta of 0.25. The company’s 50 day simple moving average is $118.01 and its 200-day simple moving average is $115.75. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $2.21 earnings per share. As a group, equities analysts predict that The J. M. Smucker Company will post 9.8 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.74%. J. M. Smucker’s dividend payout ratio (DPR) is presently 61.10%.

Analysts Set New Price Targets

Several analysts recently weighed in on SJM shares. Barclays reduced 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 report on Friday, August 30th. TD Cowen reduced their target price 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. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Wells Fargo & Company reduced their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.42.

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.