Donald L. Hagan LLC Takes $1.12 Million Position in The J. M. Smucker Company $SJM

Key Points

• Donald L. Hagan LLC acquired a new position in The J. M. Smucker Company, purchasing 11,435 shares valued at approximately $1.12 million in the 2nd quarter.
• J. M. Smucker recently increased its quarterly dividend to $1.10 per share, reflecting an annualized yield of 4.0%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for J. M. Smucker with a target price of approximately $118.00, following recent upgrades from several firms.

Donald L. Hagan LLC acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,435 shares of the company's stock, valued at approximately $1,123,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its position in J. M. Smucker by 116.5% in the 1st quarter. Versant Capital Management Inc now owns 1,139 shares of the company's stock worth $135,000 after purchasing an additional 613 shares during the last quarter. GAMMA Investing LLC boosted its stake in J. M. Smucker by 8,557.5% during the 1st quarter. GAMMA Investing LLC now owns 321,365 shares of the company's stock valued at $38,053,000 after purchasing an additional 317,653 shares during the period. Rhumbline Advisers raised its holdings in J. M. Smucker by 13.9% in the 1st quarter. Rhumbline Advisers now owns 222,279 shares of the company's stock valued at $26,320,000 after acquiring an additional 27,049 shares in the last quarter. Czech National Bank raised its holdings in J. M. Smucker by 5.9% in the 1st quarter. Czech National Bank now owns 24,442 shares of the company's stock valued at $2,894,000 after acquiring an additional 1,371 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in J. M. Smucker in the 1st quarter valued at approximately $203,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SJM. BNP Paribas Exane raised J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target for the company in a report on Wednesday, July 9th. Royal Bank Of Canada began coverage on J. M. Smucker in a research report on Monday, July 7th. They issued an "outperform" rating and a $130.00 price target on the stock. BNP Paribas raised J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. Barclays reaffirmed an "equal weight" rating and set a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. Finally, DA Davidson raised their price objective on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Trading Up 1.1%

Shares of SJM stock opened at $108.67 on Wednesday. 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 $11.59 billion, a P/E ratio of -7.93, a price-to-earnings-growth ratio of 7.42 and a beta of 0.27. The stock has a 50 day simple moving average of $109.65 and a 200 day simple moving average of $109.53. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down .6% on a year-over-year basis. During the same quarter 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. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's dividend payout ratio (DPR) is -32.09%.

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.

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