Allspring Global Investments Holdings LLC Acquires 18,475 Shares of The J. M. Smucker Company $SJM

Key Points

• Allspring Global Investments Holdings LLC significantly increased its stake in The J. M. Smucker Company, acquiring 18,475 shares and bringing its total holdings to 22,966 shares, valued at approximately $2.36 million.
• Institutional investors collectively own more than 81.66% of J. M. Smucker's stock, reflecting strong interest in the company's shares among major financial entities.
• Analyst ratings for J. M. Smucker indicate a consensus rating of "Moderate Buy" with an average target price of $118.00, highlighting positive outlooks from several research firms.

Allspring Global Investments Holdings LLC increased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 411.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,966 shares of the company's stock after purchasing an additional 18,475 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in J. M. Smucker were worth $2,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SJM. Oppenheimer & Co. Inc. bought a new stake in J. M. Smucker during the first quarter worth about $201,000. AssuredPartners Investment Advisors LLC lifted its position in J. M. Smucker by 2.6% during the first quarter. AssuredPartners Investment Advisors LLC now owns 5,208 shares of the company's stock worth $617,000 after purchasing an additional 133 shares during the period. Edmp Inc. lifted its position in J. M. Smucker by 13.0% during the first quarter. Edmp Inc. now owns 12,098 shares of the company's stock worth $1,433,000 after purchasing an additional 1,395 shares during the period. Lecap Asset Management Ltd. lifted its position in J. M. Smucker by 9.2% during the first quarter. Lecap Asset Management Ltd. now owns 14,041 shares of the company's stock worth $1,663,000 after purchasing an additional 1,188 shares during the period. Finally, Daymark Wealth Partners LLC lifted its position in J. M. Smucker by 7.0% during the first quarter. Daymark Wealth Partners LLC now owns 68,829 shares of the company's stock worth $8,150,000 after purchasing an additional 4,521 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SJM shares. Morgan Stanley upped their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Stifel Nicolaus boosted their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. BNP Paribas Exane raised J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price for the company in a research note on Wednesday, July 9th. DA Davidson boosted their target price on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Finally, BNP Paribas raised J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.24% of the stock is owned by insiders.

J. M. Smucker Stock Performance

NYSE:SJM opened at $104.84 on Wednesday. The stock has a market cap of $11.18 billion, a P/E ratio of -7.65, a price-to-earnings-growth ratio of 7.27 and a beta of 0.25. 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 moving average is $108.41 and its 200-day moving average is $108.64. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year 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 for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $2.44 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. 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 earnings per share for the current year.

J. M. Smucker 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.

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