The J. M. Smucker Company $SJM Shares Purchased by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC increased its holdings in The J. M. Smucker Company by 7.4%, now owning approximately $30.1 million worth of stock.
• Analysts' target prices for J. M. Smucker have been raised by multiple firms, with Wells Fargo & Company increasing it to $120.00 and Morgan Stanley to $118.00, both with "overweight" ratings.
• J. M. Smucker announced a quarterly dividend of $1.10 per share, reflecting an annualized amount of $4.40 and a dividend yield of 4.0%.

Advisors Capital Management LLC lifted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,483 shares of the company's stock after buying an additional 17,539 shares during the period. Advisors Capital Management LLC owned about 0.24% of J. M. Smucker worth $30,133,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Tortoise Investment Management LLC boosted its position in J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after buying an additional 100 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in J. M. Smucker in the 4th quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new stake in J. M. Smucker in the 1st quarter valued at about $30,000. Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker in the 1st quarter worth approximately $33,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $29,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SJM shares. DA Davidson upped their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Cfra Research raised shares of J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, August 27th. Stifel Nicolaus increased their target price on shares of J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. 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. Finally, Argus cut shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, J. M. Smucker has an average rating of "Moderate Buy" and a consensus target price of $118.00.

J. M. Smucker Stock Performance

NYSE SJM traded up $1.56 during mid-day trading on Tuesday, reaching $103.80. 522,387 shares of the stock were exchanged, compared to its average volume of 1,648,495. The business's 50 day moving average is $109.22 and its 200-day moving average is $109.88. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company has a market capitalization of $11.07 billion, a P/E ratio of -7.57, a P/E/G ratio of 7.44 and a beta of 0.27. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted 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 company had revenue of $2.11 billion for the quarter, compared to analysts' expectations 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 previous year, the business earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.2%. J. M. Smucker's dividend payout ratio (DPR) is -32.09%.

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.