Contravisory Investment Management Inc. Invests $432,000 in The J. M. Smucker Company $SJM

Key Points

• Contravisory Investment Management Inc. has acquired a new stake in The J. M. Smucker Company worth approximately $432,000 during Q2, indicating growing interest in the company among investors.
• The J. M. Smucker Company has recently declared a quarterly dividend of $1.10 per share, marking an increase from the previous $1.08 and resulting in a yield of 4.1%.
• Following its latest quarterly earnings report, J. M. Smucker’s stock currently holds a consensus rating of "Moderate Buy" with an average price target of $118.00 from various analysts.

Contravisory Investment Management Inc. bought a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,399 shares of the company's stock, valued at approximately $432,000.

Other large investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of J. M. Smucker by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company's stock worth $96,553,000 after buying an additional 41,249 shares during the period. Merit Financial Group LLC acquired a new position in shares of J. M. Smucker during the 1st quarter worth approximately $203,000. Farther Finance Advisors LLC raised its stake in shares of J. M. Smucker by 113.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after buying an additional 1,554 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of J. M. Smucker by 283.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company's stock worth $886,000 after buying an additional 5,529 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of J. M. Smucker during the 1st quarter worth approximately $50,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SJM shares. Stifel Nicolaus upped their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and reduced their price objective for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. Royal Bank Of Canada started coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 price objective for the company. DA Davidson increased their price objective on J. M. Smucker from $104.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Finally, Barclays reissued an "equal weight" rating and issued a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

J. M. Smucker Trading Down 0.5%

Shares of SJM traded down $0.59 during midday trading on Monday, reaching $108.19. The company had a trading volume of 2,734,218 shares, compared to its average volume of 2,549,460. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The stock has a market cap of $11.54 billion, a PE ratio of -7.89, a price-to-earnings-growth ratio of 7.51 and a beta of 0.27. The firm has a 50 day simple moving average of $109.45 and a 200-day simple moving average of $109.69. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $2.09 billion. During the same period last year, the business earned $2.44 earnings per share. The firm's revenue was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $1.10 dividend. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. J. M. Smucker's dividend payout ratio 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.