Hourglass Capital LLC Has $5.02 Million Stock Position in The J. M. Smucker Company $SJM

Key Points

• Hourglass Capital LLC increased its stake in The J. M. Smucker Company by 7.1%, now owning 51,110 shares worth approximately $5.02 million.
• The J. M. Smucker Company reported $1.90 earnings per share for the last quarter, missing estimates, while revenue was $2.11 billion, slightly above expectations.
• Analysts have mixed opinions on J. M. Smucker, with a consensus rating of "Moderate Buy" and an average price target of $118.00.

Hourglass Capital LLC lifted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,110 shares of the company's stock after acquiring an additional 3,400 shares during the quarter. Hourglass Capital LLC's holdings in J. M. Smucker were worth $5,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mutual Advisors LLC acquired a new stake in shares of J. M. Smucker in the second quarter valued at about $293,000. Generali Asset Management SPA SGR increased its position in J. M. Smucker by 101.0% during the second quarter. Generali Asset Management SPA SGR now owns 18,288 shares of the company's stock worth $1,796,000 after buying an additional 9,188 shares during the last quarter. Harbour Investments Inc. increased its position in J. M. Smucker by 13.4% during the second quarter. Harbour Investments Inc. now owns 4,860 shares of the company's stock worth $477,000 after buying an additional 574 shares during the last quarter. Bayforest Capital Ltd acquired a new position in J. M. Smucker during the second quarter worth approximately $245,000. Finally, Sequoia Financial Advisors LLC increased its position in J. M. Smucker by 6.9% during the second quarter. Sequoia Financial Advisors LLC now owns 15,412 shares of the company's stock worth $1,513,000 after buying an additional 993 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Trading Up 1.1%

Shares of NYSE:SJM opened at $103.58 on Thursday. The company has a market capitalization of $11.05 billion, a P/E ratio of -7.55, a P/E/G ratio of 7.07 and a beta of 0.25. 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 debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The business's 50 day simple moving average is $108.90 and its 200 day simple moving average is $109.06.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company earned $2.44 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the company's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the sale, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SJM. Bank of America lowered their price target on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Royal Bank Of Canada began coverage on J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target on the stock. 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 research report on Monday, August 18th. UBS Group decreased their target price on J. M. Smucker from $130.00 to $121.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Finally, Morgan Stanley upped their target price on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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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