Lbp Am Sa Invests $1.43 Million in The J. M. Smucker Company $SJM

Key Points

• Lbp Am Sa has invested approximately $1.43 million in The J. M. Smucker Company by acquiring 14,536 shares, as disclosed in their recent 13F filing with the SEC.
• J. M. Smucker recently announced a quarterly dividend increase from $1.08 to $1.10 per share, with an annualized rate of $4.40, representing a dividend yield of 4.1%.
• The company's stock recently reported earnings of $1.90 per share, which fell short of analysts' estimates by $0.05, and revenue decreased by 0.6% year-over-year.

Lbp Am Sa bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,536 shares of the company's stock, valued at approximately $1,427,000.

Other large investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in J. M. Smucker by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company's stock valued at $96,553,000 after buying an additional 41,249 shares during the period. Merit Financial Group LLC bought a new stake in J. M. Smucker during the first quarter valued at approximately $203,000. Integrated Wealth Concepts LLC grew its position in J. M. Smucker by 283.2% during the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company's stock valued at $886,000 after buying an additional 5,529 shares during the period. Swedbank AB grew its position in J. M. Smucker by 7.9% during the second quarter. Swedbank AB now owns 147,812 shares of the company's stock valued at $14,515,000 after buying an additional 10,813 shares during the period. Finally, Farther Finance Advisors LLC grew its position in J. M. Smucker by 113.5% during the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock valued at $346,000 after buying an additional 1,554 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the transaction, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. This trade 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 through this link. Corporate insiders own 2.24% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $108.05 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The firm has a fifty day moving average price of $109.63 and a 200 day moving average price of $109.50. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of -7.88, a P/E/G ratio of 7.49 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results 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 the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $2.44 EPS. J. M. Smucker'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 expect that The J. M. Smucker Company will post 9.88 earnings per share 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. Investors of record on Friday, August 15th were given a dividend of $1.10 per share. 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 4.1%. The ex-dividend date was Friday, August 15th. J. M. Smucker's dividend payout ratio (DPR) is currently -32.09%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SJM. Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and dropped their price target for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. Barclays reiterated an "equal weight" rating and issued a $105.00 price target on shares of J. M. Smucker in a research report on Friday, August 29th. Cfra Research upgraded shares of J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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