MBB Public Markets I LLC Purchases Shares of 2,868 The J. M. Smucker Company $SJM

Key Points

• MBB Public Markets I LLC purchased 2,868 shares of The J. M. Smucker Company, valued at approximately $340,000, marking a significant investment in the company during the 1st quarter.
• The J. M. Smucker Company recently increased its quarterly dividend to $1.10 per share, up from the previous dividend of $1.08, resulting in an annualized yield of 3.9%.
• Analysts' ratings on SJM are generally positive, with one Strong Buy, eight Buy, and six Hold ratings, and a consensus target price of $118.00.

MBB Public Markets I LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,868 shares of the company's stock, valued at approximately $340,000.

Several other large investors have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC grew its stake in shares of J. M. Smucker by 11.4% during the fourth quarter. EP Wealth Advisors LLC now owns 2,080 shares of the company's stock valued at $229,000 after acquiring an additional 213 shares in the last quarter. Deutsche Bank AG grew its stake in shares of J. M. Smucker by 16.3% during the fourth quarter. Deutsche Bank AG now owns 1,116,804 shares of the company's stock valued at $122,982,000 after acquiring an additional 156,314 shares in the last quarter. Ethic Inc. grew its stake in shares of J. M. Smucker by 15.5% during the fourth quarter. Ethic Inc. now owns 40,229 shares of the company's stock valued at $4,430,000 after acquiring an additional 5,407 shares in the last quarter. Focus Partners Wealth grew its stake in shares of J. M. Smucker by 357.9% during the fourth quarter. Focus Partners Wealth now owns 41,891 shares of the company's stock valued at $4,613,000 after acquiring an additional 32,743 shares in the last quarter. Finally, Gotham Asset Management LLC grew its stake in shares of J. M. Smucker by 36.4% during the fourth quarter. Gotham Asset Management LLC now owns 78,169 shares of the company's stock valued at $8,608,000 after acquiring an additional 20,872 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SJM has been the subject of several recent analyst reports. BNP Paribas upgraded J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. Cfra Research upgraded J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, August 27th. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and decreased their price target for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. UBS Group decreased their price target on J. M. Smucker from $130.00 to $121.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada started coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Stock Performance

Shares of NYSE SJM traded down $2.94 during midday trading on Friday, hitting $107.92. 1,576,705 shares of the company's stock were exchanged, compared to its average volume of 2,251,345. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The stock's 50 day moving average price is $109.24 and its 200-day moving average price is $109.93. The firm has a market cap of $11.51 billion, a P/E ratio of -7.87, a PEG ratio of 7.65 and a beta of 0.27. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $1.10 per share. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, August 15th. J. M. Smucker's payout ratio is presently -32.09%.

About J. M. Smucker

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.