The J. M. Smucker Company $SJM Shares Acquired by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its holdings in The J. M. Smucker Company by 174.8%, acquiring an additional 24,300 shares to reach a total of 38,200 shares worth approximately $4.5 million.
• J. M. Smucker recently reported quarterly earnings of $1.90 per share, falling short of the consensus estimate by $0.05, with a revenue of $2.11 billion.
• The company declared a quarterly dividend of $1.10 per share, up from $1.08, resulting in a 3.9% annual yield for shareholders.

Canada Pension Plan Investment Board raised its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 174.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,200 shares of the company's stock after purchasing an additional 24,300 shares during the quarter. Canada Pension Plan Investment Board's holdings in J. M. Smucker were worth $4,523,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in 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 during the period. Dimensional Fund Advisors LP raised 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 purchasing an additional 248,110 shares during the period. ProShare Advisors LLC raised 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 purchasing an additional 89,448 shares during the period. LSV Asset Management raised 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 purchasing an additional 449,920 shares during the period. Finally, Northern Trust Corp raised its position in J. M. Smucker by 7.9% in the first quarter. Northern Trust Corp now owns 1,219,932 shares of the company's stock valued at $144,452,000 after purchasing an additional 89,316 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 0.1%

J. M. Smucker stock traded up $0.12 during midday trading on Friday, hitting $112.46. The stock had a trading volume of 1,426,211 shares, compared to its average volume of 2,205,200. 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 stock has a market cap of $12.00 billion, a P/E ratio of -8.20, a P/E/G ratio of 7.76 and a beta of 0.27. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The business has a fifty day moving average price of $108.49 and a 200 day moving average price of $109.93.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $1.10 dividend. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker's dividend payout ratio is presently -32.09%.

Insiders Place Their Bets

In related news, Director Tarang Amin bought 1,050 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was bought at an average cost 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 in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on SJM shares. DA Davidson raised their price objective on J. M. Smucker from $104.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. dropped their target price on J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. UBS Group dropped their target price on J. M. Smucker from $130.00 to $121.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Bank of America dropped their target price on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Finally, Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and dropped their target price for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, J. M. Smucker 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.