HMS Capital Management LLC Acquires New Shares in The J. M. Smucker Company $SJM

Key Points

• HMS Capital Management LLC has acquired a new position in The J. M. Smucker Company, purchasing 10,108 shares valued at approximately $1.14 million during the first quarter.
• Despite a reported 2.8% decrease in quarterly revenue year-over-year, J. M. Smucker announced a dividend increase from $1.08 to $1.10 per share, with a yield of 3.9%.
• Analysts have varying ratings on J. M. Smucker, with Barclays setting a new price target at $105 while others, like Bank of America and Citi, have provided a buy rating with targets between $118 and $120.

HMS Capital Management LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,108 shares of the company's stock, valued at approximately $1,143,000.

Several other hedge funds have also recently modified their holdings of the stock. Two Sigma Advisers LP increased its position in J. M. Smucker by 76.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company's stock worth $118,808,000 after purchasing an additional 468,200 shares in the last quarter. LSV Asset Management grew its holdings in shares of J. M. Smucker by 48.4% during the 1st quarter. LSV Asset Management now owns 1,379,320 shares of the company's stock worth $163,325,000 after purchasing an additional 449,920 shares during the period. GAMMA Investing LLC lifted its position in J. M. Smucker by 8,557.5% during the 1st quarter. GAMMA Investing LLC now owns 321,365 shares of the company's stock worth $38,053,000 after acquiring an additional 317,653 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in J. M. Smucker by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock worth $267,252,000 after acquiring an additional 248,110 shares in the last quarter. Finally, Nuveen LLC acquired a new position in J. M. Smucker during the 1st quarter worth approximately $26,928,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J. M. Smucker

In other news, Director Tarang Amin bought 1,050 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares in the company, valued at $367,544.25. The trade was a 37.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.24% of the company's stock.

J. M. Smucker Stock Up 0.2%

Shares of SJM traded up $0.2220 during midday trading on Friday, reaching $113.1820. 2,387,249 shares of the stock were exchanged, compared to its average volume of 1,591,152. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42. The firm has a 50 day simple moving average of $105.67 and a 200-day simple moving average of $109.39. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a market cap of $12.05 billion, a price-to-earnings ratio of -9.79, a P/E/G ratio of 8.40 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.25 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.66 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.9%. 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 is presently -38.06%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley upped their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. raised J. M. Smucker from a "neutral" rating to an "overweight" rating and upped their target price for the company from $102.00 to $129.00 in a report on Wednesday. Stifel Nicolaus upped their target price on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Citigroup reduced their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, June 11th. Finally, Wells Fargo & Company upped their target price on J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.69.

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.