Nuveen LLC Makes New $26.93 Million Investment in The J. M. Smucker Company $SJM

Nuveen LLC bought a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 227,417 shares of the company's stock, valued at approximately $26,928,000. Nuveen LLC owned 0.21% of J. M. Smucker as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Mariner LLC raised its holdings in shares of J. M. Smucker by 6.3% during the fourth quarter. Mariner LLC now owns 28,260 shares of the company's stock worth $3,112,000 after acquiring an additional 1,683 shares during the period. XTX Topco Ltd acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $306,000. GeoWealth Management LLC raised its holdings in shares of J. M. Smucker by 15.0% during the fourth quarter. GeoWealth Management LLC now owns 967 shares of the company's stock worth $106,000 after acquiring an additional 126 shares during the period. Forum Financial Management LP raised its holdings in shares of J. M. Smucker by 44.9% during the fourth quarter. Forum Financial Management LP now owns 2,997 shares of the company's stock worth $330,000 after acquiring an additional 928 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of J. M. Smucker by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock worth $221,232,000 after acquiring an additional 33,758 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SJM. Stifel Nicolaus raised their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and decreased their price objective for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a research note on Monday, July 7th. They set an "outperform" rating and a $130.00 price objective on the stock. Citigroup lowered their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company boosted their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, J. M. Smucker has a consensus rating of "Moderate Buy" and a consensus target price of $119.69.

J. M. Smucker Stock Performance

Shares of SJM stock traded up $0.8280 during midday trading on Wednesday, hitting $112.8480. 2,347,707 shares of the company were exchanged, compared to its average volume of 1,574,663. The firm has a market capitalization of $12.02 billion, a P/E ratio of -9.76, a PEG ratio of 8.89 and a beta of 0.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The firm's 50 day moving average price is $104.67 and its two-hundred day moving average price is $109.26. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.25 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. J. M. Smucker's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.66 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is presently -38.06%.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of J. M. Smucker stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $96.09 per share, with a total value of $100,894.50. Following the acquisition, the director owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.24% of the company's stock.

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.