Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 2,500 Shares of The J. M. Smucker Company $SJM

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in The J. M. Smucker Company by 7.4% during the 1st quarter, holding 36,377 shares valued at approximately $4.3 million.
• J. M. Smucker's quarterly earnings beat expectations with $2.31 earnings per share, although revenue decreased by 2.8% year-over-year.
• The company announced a dividend increase to $1.10 per share, reflecting a yield of 4.0% and a boost from the previous dividend of $1.08.

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,377 shares of the company's stock after acquiring an additional 2,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in J. M. Smucker were worth $4,307,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SJM. Two Sigma Advisers LP lifted its position in J. M. Smucker by 76.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company's stock worth $118,808,000 after buying an additional 468,200 shares during the last quarter. LSV Asset Management lifted 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 last quarter. GAMMA Investing LLC raised its holdings in shares of J. M. Smucker by 8,557.5% during the first quarter. GAMMA Investing LLC now owns 321,365 shares of the company's stock valued at $38,053,000 after acquiring an additional 317,653 shares in the last quarter. Nuveen LLC bought a new position in shares of J. M. Smucker during the first quarter valued at approximately $26,928,000. Finally, Invesco Ltd. raised its holdings in shares of J. M. Smucker by 8.6% during the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after acquiring an additional 208,231 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of research reports. BNP Paribas upgraded J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. Citigroup cut their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Wells Fargo & Company increased their price objective on J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday. Morgan Stanley raised their target price on J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Barclays dropped their target price on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.83.

J. M. Smucker Trading Up 0.6%

Shares of J. M. Smucker stock traded up $0.6610 on Tuesday, reaching $112.1310. The company had a trading volume of 2,177,768 shares, compared to its average volume of 1,544,823. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of -9.70, a P/E/G ratio of 8.89 and a beta of 0.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The firm's 50-day moving average price is $104.67 and its two-hundred day moving average price is $109.26. 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 earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the business earned $2.66 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $1.10 per share. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker's dividend payout ratio is presently -38.06%.

Insiders Place Their Bets

In other news, Director Tarang Amin bought 1,050 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.24% of the stock is currently owned by company insiders.

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.