MBB Public Markets I LLC Takes Position in 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 shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,868 shares of the company's stock, valued at approximately $340,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its stake in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker during the 4th quarter worth $28,000. Measured Risk Portfolios Inc. acquired a new stake in J. M. Smucker during the fourth quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new position in shares of J. M. Smucker during the 1st quarter worth about $30,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at $33,000. Institutional investors own 81.66% of the company's stock.

Insider Activity

In other J. M. Smucker news, Director Tarang Amin acquired 1,050 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, the director owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.24% of the company's stock.

J. M. Smucker Stock Performance

SJM stock traded down $0.86 on Wednesday, hitting $109.99. The company had a trading volume of 1,009,480 shares, compared to its average volume of 2,242,865. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of -8.02, a P/E/G ratio of 7.65 and a beta of 0.27. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The stock's 50-day simple moving average is $109.02 and its 200 day simple moving average is $109.96. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal 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 paid 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 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, August 15th. J. M. Smucker's payout ratio is -32.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. Cfra Research upgraded shares of J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, August 27th. Wells Fargo & Company lifted their price objective on J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Bank of America cut their price target on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

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.