Aberdeen Group plc Increases Position in The J. M. Smucker Company $SJM

Key Points

• Aberdeen Group plc significantly increased its stake in The J. M. Smucker Company by 94.4%, acquiring an additional 35,071 shares during the first quarter.
• The J. M. Smucker Company recently declared a quarterly dividend of $1.10 per share, an increase from the previous dividend of $1.08, representing an annual yield of 3.9%.
• Analyst ratings for J. M. Smucker show a consensus rating of "Moderate Buy" with an average price target of $118.83.

Aberdeen Group plc boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 94.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,217 shares of the company's stock after purchasing an additional 35,071 shares during the period. Aberdeen Group plc owned about 0.07% of J. M. Smucker worth $8,560,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Utah Retirement Systems raised its holdings in shares of J. M. Smucker by 0.6% during the 4th quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock worth $1,888,000 after acquiring an additional 100 shares in the last quarter. Wallace Capital Management Inc. lifted its holdings in shares of J. M. Smucker by 4.9% in the 4th quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after acquiring an additional 100 shares during the last quarter. Forum Financial Management LP raised its position in J. M. Smucker by 3.9% during the first quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after purchasing an additional 116 shares during the period. SouthState Corp boosted its holdings in shares of J. M. Smucker by 6.4% in the 1st quarter. SouthState Corp now owns 1,976 shares of the company's stock worth $234,000 after purchasing an additional 118 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV raised its holdings in J. M. Smucker by 2.6% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock valued at $551,000 after buying an additional 119 shares during the period. Institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. Morgan Stanley boosted their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research report on Monday. BNP Paribas Exane raised J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a research note on Wednesday, July 9th. Finally, Stifel Nicolaus raised their price target on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $119.69.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction dated 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 completion of the purchase, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.24% of the stock is currently owned by insiders.

J. M. Smucker Stock Performance

J. M. Smucker stock traded up $0.2220 during midday trading on Friday, hitting $113.1820. 2,387,249 shares of the company were exchanged, compared to its average volume of 1,591,152. 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 business has a fifty day simple moving average of $105.67 and a two-hundred day simple moving average of $109.39. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The firm has a market capitalization of $12.06 billion, a PE ratio of -9.79, a price-to-earnings-growth ratio of 8.40 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The company's quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $2.66 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be 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 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 15th. J. M. Smucker's dividend payout ratio (DPR) is currently -38.06%.

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.