Cwm LLC Acquires 36,958 Shares of The J. M. Smucker Company $SJM

Key Points

• Cwm LLC increased its holdings in The J. M. Smucker Company by 18.1%, bringing its total shares to 241,572 worth approximately $23.7 million.
• Analysts' price targets for J. M. Smucker have varied, with Wells Fargo raising their target to $120.00 while several others have lowered their estimates, leaving an average target of $118.00 and an overall rating of "Moderate Buy".
• The company recently announced a quarterly dividend increase to $1.10 per share, yielding 4.2%, reflecting a positive change from the previous dividend.

Cwm LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 18.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,572 shares of the company's stock after purchasing an additional 36,958 shares during the quarter. Cwm LLC owned approximately 0.23% of J. M. Smucker worth $23,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares during the period. Nova Wealth Management Inc. bought a new position in J. M. Smucker in the 2nd quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new position in J. M. Smucker in the 1st quarter worth approximately $30,000. Cooksen Wealth LLC bought a new position in J. M. Smucker in the 1st quarter worth approximately $33,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in J. M. Smucker in the 2nd quarter worth approximately $39,000. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus upped their price target 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. Bank of America dropped their price target on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Argus downgraded J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday, September 12th. Barclays restated an "equal weight" rating and issued a $105.00 price target on shares of J. M. Smucker in a research report on Friday, August 29th. Finally, Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.00.

J. M. Smucker Stock Down 0.4%

Shares of SJM opened at $104.74 on Monday. The company has a market cap of $11.17 billion, a PE ratio of -7.64, a P/E/G ratio of 7.23 and a beta of 0.25. The business has a fifty day moving average of $109.33 and a 200 day moving average of $109.24. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. 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 quarterly 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). The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate 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 firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.2%. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. J. M. Smucker's dividend payout ratio is -32.09%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction 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 sale, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.24% of the company's stock.

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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