AQR Capital Management LLC Cuts Holdings in The J. M. Smucker Company $SJM

Key Points

• AQR Capital Management LLC sold 76,786 shares of The J. M. Smucker Company, reducing its position by 52.4% to 69,828 shares.
• The J. M. Smucker Company recently increased its quarterly dividend from $1.08 to $1.10 per share, representing a dividend yield of 4.0%.
• Analysts have mixed ratings on J. M. Smucker, with target prices ranging from $110.00 to $128.00 and an overall moderate buy rating.

AQR Capital Management LLC reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 52.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,828 shares of the company's stock after selling 76,786 shares during the quarter. AQR Capital Management LLC owned 0.07% of J. M. Smucker worth $8,268,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SJM. Tortoise Investment Management LLC raised its holdings in shares of J. M. Smucker by 87.0% in 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. N.E.W. Advisory Services LLC purchased a new stake in shares of J. M. Smucker in the first quarter valued at about $30,000. Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker in the first quarter valued at about $33,000. National Pension Service raised its holdings in shares of J. M. Smucker by 74.9% in the first quarter. National Pension Service now owns 383 shares of the company's stock valued at $45,000 after purchasing an additional 164 shares during the last quarter. Finally, Menard Financial Group LLC purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at about $46,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

SJM traded down $5.43 during trading on Monday, reaching $102.38. 2,718,123 shares of the company were exchanged, compared to its average volume of 1,654,011. The company's 50-day moving average is $109.24 and its two-hundred day moving average is $109.94. The company has a market cap of $10.92 billion, a price-to-earnings ratio of -7.47, a P/E/G ratio of 7.44 and a beta of 0.27. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. 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 issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research 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 announced 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 a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker's dividend payout ratio (DPR) is presently -32.09%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SJM shares. Morgan Stanley increased their price target 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, August 18th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and reduced their price target for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Royal Bank Of Canada started coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target for the company. Cfra Research raised J. M. Smucker from a "hold" rating to a "moderate buy" rating in a report on Wednesday, August 27th. Finally, DA Davidson lifted their price objective on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock 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.