Avanza Fonder AB Invests $727,000 in The J. M. Smucker Company $SJM

Key Points

• Avanza Fonder AB has invested approximately $727,000 in The J. M. Smucker Company by acquiring 7,408 shares during the second quarter.
• Several analysts have updated their ratings on SJM shares, with BNP Paribas Exane upgrading it to "outperform" and a price target of $120.00.
• The J. M. Smucker Company recently increased its quarterly dividend to $1.10, reflecting a dividend yield of 4.1%.

Avanza Fonder AB acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,408 shares of the company's stock, valued at approximately $727,000.

A number of other large investors have also added to or reduced their stakes in SJM. Royal Bank of Canada lifted its holdings in shares of J. M. Smucker by 13.1% during the 4th quarter. Royal Bank of Canada now owns 162,539 shares of the company's stock valued at $17,898,000 after buying an additional 18,877 shares during the period. Woodline Partners LP purchased a new stake in J. M. Smucker during the fourth quarter valued at $704,000. Waverly Advisors LLC bought a new position in J. M. Smucker in the fourth quarter valued at about $285,000. Toronto Dominion Bank lifted its holdings in J. M. Smucker by 27.3% in the fourth quarter. Toronto Dominion Bank now owns 56,964 shares of the company's stock valued at $6,273,000 after acquiring an additional 12,207 shares during the period. Finally, Forum Financial Management LP grew its stake in shares of J. M. Smucker by 44.9% during the 4th quarter. Forum Financial Management LP now owns 2,997 shares of the company's stock valued at $330,000 after purchasing an additional 928 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SJM shares. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a research note on Wednesday, July 9th. Argus downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday, September 12th. Stifel Nicolaus increased their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Citigroup decreased their price target on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Finally, Wells Fargo & Company increased their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

J. M. Smucker Price Performance

SJM stock opened at $108.19 on Tuesday. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42. 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 company has a fifty day simple moving average of $109.45 and a two-hundred day simple moving average of $109.69. The firm has a market capitalization of $11.54 billion, a P/E ratio of -7.89, a price-to-earnings-growth ratio of 7.51 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results 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 firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $1.10 dividend. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. J. M. Smucker's dividend payout ratio (DPR) is -32.09%.

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.

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