Quantitative Investment Management LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,695 shares of the company's stock, valued at approximately $911,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Utah Retirement Systems increased its position in shares of J. M. Smucker by 0.6% during the fourth quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock worth $1,888,000 after purchasing an additional 100 shares in the last quarter. Wallace Capital Management Inc. increased its position in shares of J. M. Smucker by 4.9% during the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock worth $235,000 after purchasing an additional 100 shares in the last quarter. Forum Financial Management LP increased its position in shares of J. M. Smucker by 3.9% during the first quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock worth $369,000 after purchasing an additional 116 shares in the last quarter. SouthState Corp increased its position in shares of J. M. Smucker by 6.4% during the first quarter. SouthState Corp now owns 1,976 shares of the company's stock worth $234,000 after purchasing an additional 118 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV increased its position in shares of J. M. Smucker by 2.6% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock worth $551,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.
Insiders Place Their Bets
In other J. M. Smucker news, Director Tarang Amin acquired 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were bought 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 $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.24% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on SJM. Citigroup cut their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Bank of America raised their price target on J. M. Smucker from $105.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. Barclays lowered their price target on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. Morgan Stanley raised their price target on J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, BNP Paribas Exane raised J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target on the stock in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.69.
View Our Latest Stock Report on J. M. Smucker
J. M. Smucker Stock Performance
SJM traded down $4.75 during trading on Wednesday, reaching $105.83. The company's stock had a trading volume of 6,867,517 shares, compared to its average volume of 1,797,109. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The company's fifty day moving average price is $106.51 and its 200-day moving average price is $109.51. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of -9.16, a price-to-earnings-growth ratio of 8.23 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.
J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the prior year, the firm posted $2.44 EPS. J. M. Smucker's revenue for the quarter was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities analysts forecast 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 will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.2%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's dividend payout ratio is presently -38.06%.
J. M. Smucker Profile
(
Free Report)
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.
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