Gamco Investors INC. ET AL lifted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 20.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,186 shares of the company's stock after acquiring an additional 28,630 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.16% of J. M. Smucker worth $19,033,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Garton & Associates Financial Advisors LLC bought a new position in J. M. Smucker in the 4th quarter valued at $25,000. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the second quarter worth $27,000. Fideuram Asset Management Ireland dac bought a new stake in shares of J. M. Smucker during the fourth quarter worth $32,000. MCF Advisors LLC grew its holdings in shares of J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company's stock worth $30,000 after purchasing an additional 126 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of J. M. Smucker in the second quarter valued at $31,000. 81.66% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on SJM shares. JPMorgan Chase & Co. lifted their price target on J. M. Smucker from $125.00 to $139.00 and gave the company an "overweight" rating in a report on Friday, August 14th. HC Wainwright set a $123.00 price objective on shares of J. M. Smucker in a report on Wednesday. Evercore restated an "outperform" rating and issued a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, July 23rd. Royal Bank Of Canada boosted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 10th. Finally, UBS Group upped their target price on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a "buy" rating in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.53.
Read Our Latest Research Report on J. M. Smucker
J. M. Smucker Price Performance
Shares of SJM stock opened at $124.10 on Friday. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of -95.46, a PEG ratio of 1.68 and a beta of 0.25. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $127.64. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $116.11 and a 200 day moving average price of $107.38.
J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $2.31 EPS. The company's revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Research analysts expect that The J. M. Smucker Company will post 9.98 EPS for the current year.
J. M. Smucker Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $1.12 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. This is an increase from J. M. Smucker's previous quarterly dividend of $1.10. J. M. Smucker's dividend payout ratio is -344.62%.
Insider Transactions at J. M. Smucker
In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider owned 15,795 shares of the company's stock, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the transaction, the insider owned 16,039 shares in the company, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock worth $2,132,914 in the last three months. Insiders own 2.80% of the company's stock.
J. M. Smucker Company Profile
(
Free Report)
The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company's main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker's core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.
Among its leading brands are Smucker's® fruit spreads, Jif® peanut butter, Folgers® and Dunkin'® coffees, and Café Bustelo® coffee.
Further Reading
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