Douglas Lane & Associates LLC Buys 6,051 Shares of The J. M. Smucker Company $SJM

Key Points

• Douglas Lane & Associates LLC increased its stake in The J. M. Smucker Company by 2.0%, acquiring an additional 6,051 shares to own a total of 308,401 shares valued at approximately $30.29 million.
• The company's stock price decreased by 2.7%, with a current market cap of $11.51 billion, and the stock reported earnings of $1.90 per share, missing analysts' expectations.
• J. M. Smucker announced an increase in its quarterly dividend from $1.08 to $1.10, resulting in an annualized dividend yield of 4.1%.

Douglas Lane & Associates LLC raised its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,401 shares of the company's stock after purchasing an additional 6,051 shares during the period. Douglas Lane & Associates LLC owned 0.29% of J. M. Smucker worth $30,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wallace Capital Management Inc. grew its holdings in shares of J. M. Smucker by 4.9% during the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after buying an additional 100 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of J. M. Smucker by 3.9% during the first quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after buying an additional 116 shares during the last quarter. SouthState Corp grew its holdings in shares of J. M. Smucker by 6.4% during the first quarter. SouthState Corp now owns 1,976 shares of the company's stock valued at $234,000 after buying an additional 118 shares during the last quarter. Finally, Rowlandmiller & PARTNERS.ADV grew its holdings in shares of J. M. Smucker by 2.6% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock valued at $551,000 after buying an additional 119 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Down 2.7%

J. M. Smucker stock opened at $107.92 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The stock has a market cap of $11.51 billion, a PE ratio of -7.87, a price-to-earnings-growth ratio of 7.65 and a beta of 0.27. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The firm's 50-day simple moving average is $109.24 and its 200 day simple moving average is $109.94.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share 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 analysts' expectations 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 was down .6% compared to the same quarter last year. During the same quarter in the previous 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 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. The ex-dividend date was Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. J. M. Smucker's dividend payout ratio is presently -32.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SJM shares. Stifel Nicolaus lifted their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. BNP Paribas Exane upgraded shares of 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. Citigroup reduced their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, June 11th. Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target on the stock. Finally, UBS Group cut their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

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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