Bayforest Capital Ltd Makes New Investment in The J. M. Smucker Company $SJM

Bayforest Capital Ltd bought a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,492 shares of the company's stock, valued at approximately $245,000.

A number of other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in J. M. Smucker by 6.9% in the second quarter. Sequoia Financial Advisors LLC now owns 15,412 shares of the company's stock worth $1,513,000 after purchasing an additional 993 shares in the last quarter. MGO One Seven LLC raised its holdings in J. M. Smucker by 9.4% in the second quarter. MGO One Seven LLC now owns 5,665 shares of the company's stock worth $556,000 after purchasing an additional 485 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of J. M. Smucker by 411.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 22,966 shares of the company's stock worth $2,364,000 after acquiring an additional 18,475 shares during the last quarter. Mitchell Sinkler & Starr PA grew its stake in shares of J. M. Smucker by 6.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 4,234 shares of the company's stock worth $416,000 after acquiring an additional 274 shares during the last quarter. Finally, CWM LLC grew its stake in shares of J. M. Smucker by 18.1% during the second quarter. CWM LLC now owns 241,572 shares of the company's stock worth $23,722,000 after acquiring an additional 36,958 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Up 0.4%

J. M. Smucker stock opened at $103.90 on Friday. 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 J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The stock's 50 day simple moving average is $108.76 and its two-hundred day simple moving average is $108.96. The firm has a market cap of $11.08 billion, a PE ratio of -7.58, a P/E/G ratio of 7.14 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the prior year, the company posted $2.44 EPS. The company'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. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Weiss Ratings restated a "sell (d)" rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. DA Davidson boosted their price target 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. BNP Paribas upgraded J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada assumed coverage on J. M. Smucker in a research note on Monday, July 7th. They set an "outperform" rating and a $130.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the company's 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 completion of the transaction, the chief financial officer directly owned 33,864 shares of the company's stock, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.24% of the stock is currently owned by insiders.

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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