Ashton Thomas Private Wealth LLC Has $1.52 Million Position in The J. M. Smucker Company $SJM

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in The J. M. Smucker Company by 250.9%, acquiring 9,154 additional shares for a total of 12,803 shares, valued at approximately $1.5 million.
• J. M. Smucker recently announced a quarterly dividend of $1.10, marking an increase from the previous $1.08, with an annualized dividend yield of 4.0%.
• The company's stock price performance shows a 1-year low of $93.30 and a 1-year high of $125.42, with current trading around $110.91.

Ashton Thomas Private Wealth LLC raised its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 250.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,803 shares of the company's stock after purchasing an additional 9,154 shares during the period. Ashton Thomas Private Wealth LLC's holdings in J. M. Smucker were worth $1,516,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Wallace Capital Management Inc. increased its stake in J. M. Smucker by 4.9% in the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after purchasing an additional 100 shares in the last quarter. Tortoise Investment Management LLC increased its stake in 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 in the last quarter. Forum Financial Management LP increased its stake in J. M. Smucker by 3.9% in 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 in the last quarter. SouthState Corp increased its stake in J. M. Smucker by 6.4% in the first quarter. SouthState Corp now owns 1,976 shares of the company's stock valued at $234,000 after purchasing an additional 118 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV increased its stake in J. M. Smucker by 2.6% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock valued at $551,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on SJM shares. Royal Bank Of Canada assumed coverage on shares of J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 target price for the company. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. Morgan Stanley upped their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Barclays reiterated an "equal weight" rating and issued a $105.00 price target on shares of J. M. Smucker in a report on Friday, August 29th. Finally, Cfra Research upgraded shares of J. M. Smucker from a "hold" rating to a "moderate buy" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $118.00.

J. M. Smucker Stock Down 2.7%

SJM traded down $2.94 during trading hours on Friday, hitting $107.92. 1,576,705 shares of the company's stock were exchanged, compared to its average volume of 2,251,345. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The stock's 50-day moving average is $109.24 and its two-hundred day moving average is $109.93. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of -7.87, a PEG ratio of 7.65 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.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $1.90 EPS 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the company posted $2.44 EPS. The business'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. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $1.10 dividend. This is an increase 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 4.1%. The ex-dividend date was Friday, August 15th. J. M. Smucker's dividend payout ratio is -32.09%.

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.