Gotham Asset Management LLC Grows Stock Holdings in The J. M. Smucker Company $SJM

Gotham Asset Management LLC boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,712 shares of the company's stock after acquiring an additional 9,543 shares during the period. Gotham Asset Management LLC owned 0.08% of J. M. Smucker worth $10,386,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Tortoise Investment Management LLC increased its stake in J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in J. M. Smucker during the 4th quarter valued at about $28,000. Measured Risk Portfolios Inc. bought a new stake in J. M. Smucker during the 4th quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new stake in J. M. Smucker during the 1st quarter valued at about $30,000. Finally, Cooksen Wealth LLC bought a new stake in J. M. Smucker during the 1st quarter valued at about $33,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson raised their price objective on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target for the company in a research note on Wednesday, July 9th. Bank of America reduced their price target on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $118.00.

J. M. Smucker Price Performance

NYSE:SJM traded down $0.86 during trading hours on Wednesday, hitting $109.99. 1,009,480 shares of the stock traded hands, compared to its average volume of 2,242,865. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company has a market cap of $11.73 billion, a price-to-earnings ratio of -8.02, a price-to-earnings-growth ratio of 7.65 and a beta of 0.27. The stock has a 50 day moving average price of $109.02 and a 200 day moving average price of $109.96.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the prior year, the firm earned $2.44 EPS. J. M. Smucker's revenue for the quarter was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts forecast 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. Stockholders of record on Friday, August 15th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker's payout ratio is presently -32.09%.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.24% of the company's stock.

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.