Interval Partners LP Takes Position in The J. M. Smucker Company $SJM

Key Points

• Interval Partners LP acquired a new stake of 184,229 shares in The J. M. Smucker Company, valued at approximately $21.8 million, which amounts to about 0.17% of the company's total shares.
• The J. M. Smucker Company recently increased its quarterly dividend to $1.10 per share, reflecting an annualized yield of 3.9% and a boost from the previous dividend of $1.08.
• Despite a slight decline in quarterly earnings, analysts maintain a "Moderate Buy" rating for J. M. Smucker, with a consensus target price of $118.00 per share.

Interval Partners LP acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 184,229 shares of the company's stock, valued at approximately $21,815,000. Interval Partners LP owned about 0.17% of J. M. Smucker at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SJM. Merit Financial Group LLC bought a new position in J. M. Smucker in the first quarter worth about $203,000. Farther Finance Advisors LLC raised its stake in J. M. Smucker by 113.5% in the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after buying an additional 1,554 shares in the last quarter. Costello Asset Management INC bought a new position in J. M. Smucker in the first quarter worth about $50,000. State of Alaska Department of Revenue raised its stake in J. M. Smucker by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company's stock worth $2,482,000 after buying an additional 335 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in J. M. Smucker in the first quarter worth about $556,000. 81.66% of the stock is owned by institutional investors.

Insider Activity at J. M. Smucker

In other news, Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the acquisition, the director directly owned 3,825 shares in the company, valued at $367,544.25. This represents a 37.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.24% of the stock is currently owned by insiders.

J. M. Smucker Stock Up 0.1%

SJM traded up $0.12 during midday trading on Friday, reaching $112.46. The company's stock had a trading volume of 1,426,211 shares, compared to its average volume of 2,212,605. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of -8.20, a PEG ratio of 7.76 and a beta of 0.27. The company has a current ratio of 0.81, a quick ratio of 0.34 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 stock's 50-day moving average is $108.49 and its 200-day moving average is $109.95.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced 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). The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 15th. This is a positive change 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 3.9%. J. M. Smucker's dividend payout ratio is currently -32.09%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SJM. Stifel Nicolaus increased their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Bank of America decreased 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. Royal Bank Of Canada began 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. UBS Group decreased their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Finally, Cfra Research upgraded shares of J. M. Smucker from a "hold" rating to a "moderate buy" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $118.00.

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.