Huber Capital Management LLC Buys New Stake in The J. M. Smucker Company $SJM

Key Points

• Huber Capital Management LLC has acquired a new position in The J. M. Smucker Company, purchasing 51,600 shares valued at approximately $6,110,000, which constitutes 1.2% of their holdings.
• J. M. Smucker reported earnings of $1.90 per share for the last quarter, missing analyst estimates, and has set a guidance for FY 2026 between $8.50 and $9.50 EPS.
• The company has increased its quarterly dividend to $1.10, reflecting a dividend yield of 4.2% and a positive change from the previous dividend of $1.08.

Huber Capital Management LLC bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 51,600 shares of the company's stock, valued at approximately $6,110,000. J. M. Smucker makes up about 1.2% of Huber Capital Management LLC's portfolio, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Utah Retirement Systems raised its stake in J. M. Smucker by 0.6% in the 4th quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock worth $1,888,000 after acquiring an additional 100 shares during the last quarter. Wallace Capital Management Inc. boosted its holdings in J. M. Smucker by 4.9% in the 4th quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock worth $235,000 after buying an additional 100 shares during the last quarter. Forum Financial Management LP boosted its holdings in J. M. Smucker by 3.9% in the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock worth $369,000 after buying an additional 116 shares during the last quarter. SouthState Corp boosted its holdings in shares of J. M. Smucker by 6.4% during the 1st quarter. SouthState Corp now owns 1,976 shares of the company's stock worth $234,000 after purchasing an additional 118 shares during the last quarter. Finally, Rowlandmiller & PARTNERS.ADV boosted its holdings in shares of J. M. Smucker by 2.6% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock worth $551,000 after purchasing an additional 119 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In related news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director owned 3,825 shares of the company's stock, valued at $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.24% of the company's stock.

J. M. Smucker Trading Up 3.6%

NYSE SJM traded up $3.83 on Monday, reaching $110.55. The stock had a trading volume of 2,887,794 shares, compared to its average volume of 2,156,120. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of -8.06, a P/E/G ratio of 7.65 and a beta of 0.27. 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 12-month low of $93.30 and a 12-month high of $125.42. The stock has a fifty day moving average price of $107.00 and a two-hundred day moving average price of $109.65.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates 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 company 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 company posted $2.44 EPS. The firm's revenue 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. As a group, 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $1.10 per share. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. J. M. Smucker's dividend payout ratio is currently -32.09%.

Analyst Ratings Changes

A number of research analysts recently commented on SJM shares. Citigroup decreased their price objective on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Barclays reiterated an "equal weight" rating and issued a $105.00 price objective on shares of J. M. Smucker in a report on Friday. BNP Paribas Exane upgraded J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a report on Wednesday, July 9th. Zacks Research raised J. M. Smucker to a "hold" rating in a research report on Monday, August 11th. Finally, Morgan Stanley boosted 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 research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, J. M. Smucker currently 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.