Ashton Thomas Private Wealth LLC Has $1.52 Million Stock 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 lifted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 250.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,803 shares of the company's stock after purchasing an additional 9,154 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in J. M. Smucker were worth $1,516,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of J. M. Smucker by 8.6% in the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after purchasing an additional 208,231 shares in the last quarter. Dimensional Fund Advisors LP grew its position in J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock valued at $267,252,000 after acquiring an additional 248,110 shares during the period. Ariel Investments LLC grew its position in J. M. Smucker by 2.7% in the first quarter. Ariel Investments LLC now owns 1,881,584 shares of the company's stock valued at $222,798,000 after acquiring an additional 48,723 shares during the period. ProShare Advisors LLC grew its position in J. M. Smucker by 5.8% in the fourth quarter. ProShare Advisors LLC now owns 1,627,187 shares of the company's stock valued at $179,186,000 after acquiring an additional 89,448 shares during the period. Finally, LSV Asset Management grew its position in J. M. Smucker by 48.4% in the first quarter. LSV Asset Management now owns 1,379,320 shares of the company's stock valued at $163,325,000 after acquiring an additional 449,920 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SJM shares. Wells Fargo & Company upped their price target on J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Morgan Stanley upped their price target on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Bank of America decreased their target price on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. BNP Paribas Exane upgraded J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price on the stock in a report on Wednesday, July 9th. Finally, UBS Group decreased their target price on J. M. Smucker from $130.00 to $121.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.00.

J. M. Smucker Stock Down 3.3%

Shares of NYSE SJM traded down $3.55 during mid-day trading on Monday, reaching $104.25. 388,360 shares of the company's stock were exchanged, compared to its average volume of 1,641,530. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of -7.61, a PEG ratio of 7.44 and a beta of 0.27. 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 business has a fifty day simple moving average of $109.24 and a 200 day simple moving average of $109.94. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results 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). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $2.44 EPS. The firm's quarterly revenue 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. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.2%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's 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.