Gabelli Funds LLC Increases Stock Position in The J. M. Smucker Company $SJM

Key Points

• Gabelli Funds LLC has increased its stake in The J. M. Smucker Company by 3.8%, now owning 142,250 shares valued at approximately $16.84 million.
• J. M. Smucker reported a quarterly earnings per share (EPS) of $2.31, surpassing estimates, but its revenue of $2.14 billion fell short of expectations.
• The company recently declared a quarterly dividend of $1.10, reflecting an increase from the previous dividend and providing an annual yield of 4.0%.

Gabelli Funds LLC raised its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,250 shares of the company's stock after buying an additional 5,150 shares during the period. Gabelli Funds LLC owned about 0.13% of J. M. Smucker worth $16,844,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SJM. Price T Rowe Associates Inc. MD boosted its position in J. M. Smucker by 1.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 151,950 shares of the company's stock valued at $16,734,000 after buying an additional 2,402 shares during the period. Nebula Research & Development LLC purchased a new stake in J. M. Smucker during the 4th quarter valued at $404,000. Quarry LP purchased a new stake in J. M. Smucker during the 4th quarter valued at $58,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in J. M. Smucker during the 4th quarter valued at $27,000. Finally, Northern Trust Corp boosted its position in J. M. Smucker by 9.9% during the 4th quarter. Northern Trust Corp now owns 1,130,616 shares of the company's stock valued at $124,503,000 after buying an additional 101,958 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Down 1.0%

Shares of J. M. Smucker stock opened at $110.44 on Wednesday. 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 company has a 50-day moving average of $106.32 and a 200 day moving average of $109.54. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of -9.55, a PEG ratio of 8.30 and a beta of 0.31. 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 issued its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. J. M. Smucker's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.66 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's dividend payout ratio (DPR) is -38.06%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Barclays dropped their target price on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. BNP Paribas Exane raised shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price for the company in a research report on Wednesday, July 9th. Citigroup dropped their target price on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Finally, BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.69.

Insider Activity

In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director directly owned 3,825 shares in the company, valued at $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.24% of the stock is currently owned by 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.

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