Caisse DE Depot ET Placement DU Quebec Invests $33.06 Million in The J. M. Smucker Company $SJM

Key Points

• Caisse DE Depot ET Placement DU Quebec has invested approximately $33.06 million in The J. M. Smucker Company, acquiring 279,155 shares and representing about 0.26% ownership of the company.
• The J. M. Smucker Company announced a quarterly dividend of $1.10 per share, up from the previous $1.08, giving an annualized yield of 4.0%.
• Analysts are optimistic about J. M. Smucker, with upgrades from firms like Bank of America and BNP Paribas Exane, raising target prices to $120.00 based on a blend of performance and future outlook.

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 279,155 shares of the company's stock, valued at approximately $33,055,000. Caisse DE Depot ET Placement DU Quebec owned about 0.26% of J. M. Smucker at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of J. M. Smucker during the fourth quarter worth $27,000. Minot DeBlois Advisors LLC bought a new stake in shares of J. M. Smucker during the fourth quarter worth $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of J. M. Smucker during the first quarter worth $30,000. Cooksen Wealth LLC bought a new stake in shares of J. M. Smucker during the first quarter worth $33,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of J. M. Smucker during the fourth quarter worth $29,000. 81.66% of the stock is currently owned by institutional investors.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction 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 completion of the purchase, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.24% of the stock is owned by company insiders.

J. M. Smucker Price Performance

SJM opened at $110.44 on Wednesday. The business's 50-day moving average is $106.32 and its two-hundred day moving average is $109.54. 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 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The firm has a market capitalization of $11.76 billion, a PE ratio of -9.55, a price-to-earnings-growth ratio of 8.30 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $2.66 earnings per share. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.0%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date is Friday, August 15th. J. M. Smucker's payout ratio is presently -38.06%.

Analyst Ratings Changes

Several analysts have recently weighed in on SJM shares. Bank of America lifted their target price on J. M. Smucker from $105.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. BNP Paribas Exane upgraded J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective for the company in a report on Wednesday, July 9th. Wells Fargo & Company lifted their price objective on J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Zacks Research upgraded J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Finally, Stifel Nicolaus lifted their price objective on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, J. M. Smucker currently has an average rating of "Moderate Buy" and a consensus price target of $119.69.

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.

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