BNP Paribas Financial Markets Grows Stock Holdings in The J. M. Smucker Company $SJM

Key Points

• BNP Paribas Financial Markets increased its stake in The J. M. Smucker Company by 58.3%, owning approximately 333,132 shares worth $39.45 million.
• Several institutional investors recently bought stakes in J. M. Smucker, with 81.66% of the stock now owned by these investors.
• J. M. Smucker announced a quarterly dividend of $1.10 per share, increased from $1.08, representing an annualized yield of 4.0%.

BNP Paribas Financial Markets lifted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 58.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,132 shares of the company's stock after acquiring an additional 122,726 shares during the period. BNP Paribas Financial Markets owned approximately 0.31% of J. M. Smucker worth $39,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its position in shares of J. M. Smucker by 8.6% during the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after acquiring an additional 208,231 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of J. M. Smucker by 12.3% during 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 in the last quarter. ProShare Advisors LLC increased its position in shares of J. M. Smucker by 5.8% during 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 in the last quarter. LSV Asset Management increased its position in shares of J. M. Smucker by 48.4% during 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 in the last quarter. Finally, Northern Trust Corp increased its position in shares of J. M. Smucker by 7.9% during the first quarter. Northern Trust Corp now owns 1,219,932 shares of the company's stock valued at $144,452,000 after acquiring an additional 89,316 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock traded up $0.16 on Thursday, hitting $112.21. 1,495,175 shares of the company's stock were exchanged, compared to its average volume of 1,657,515. The company has a 50-day simple moving average of $107.83 and a 200-day simple moving average of $109.73. The stock has a market capitalization of $11.97 billion, a PE ratio of -8.18, a PEG ratio of 7.65 and a beta of 0.27. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business 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 company's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current 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 paid a dividend of $1.10 per share. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. J. M. Smucker's dividend payout ratio is presently -32.09%.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director owned 3,825 shares in the company, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.24% of the company's stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of several research reports. Citigroup dropped their target price on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. DA Davidson raised their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Bank of America dropped their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. Morgan Stanley raised their target price on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Company 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.