Maverick Capital Ltd. Buys Shares of 541,551 The J. M. Smucker Company $SJM

Key Points

• Maverick Capital Ltd. has acquired a new stake in The J. M. Smucker Company, purchasing 541,551 shares valued at approximately $64.1 million, representing about 0.51% ownership.
• The company recently raised its quarterly dividend from $1.08 to $1.10 per share, translating to a 4.0% yield for shareholders.
• Analyst ratings for J. M. Smucker have improved, with several firms upgrading their ratings and price targets, indicating a consensus rating of "Moderate Buy" with a price target of $118.00.

Maverick Capital Ltd. acquired a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 541,551 shares of the company's stock, valued at approximately $64,125,000. Maverick Capital Ltd. owned 0.51% of J. M. Smucker as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in SJM. Tortoise Investment Management LLC increased its stake in shares of J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares during the period. Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker in the 4th quarter valued at approximately $28,000. Measured Risk Portfolios Inc. acquired a new position in J. M. Smucker in the 4th quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in J. M. Smucker in the 1st quarter valued at approximately $30,000. Finally, Cooksen Wealth LLC acquired a new position in J. M. Smucker in the 1st quarter valued at approximately $33,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target on the stock in a research note on Wednesday, July 9th. Zacks Research upgraded J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. Royal Bank Of Canada initiated coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 price objective on the stock. Barclays reiterated an "equal weight" rating and issued a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. Finally, Morgan Stanley upped their price objective on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One 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 company presently has an average rating of "Moderate Buy" and an average target price of $118.00.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of the company's stock in a transaction on 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 transaction, the director owned 3,825 shares of the company's stock, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.24% of the company's stock.

J. M. Smucker Price Performance

Shares of SJM traded up $0.16 on Thursday, hitting $112.21. The company's stock had a trading volume of 1,495,175 shares, compared to its average volume of 1,657,515. The company has a market capitalization of $11.97 billion, a PE ratio of -8.18, a PEG ratio of 7.65 and a beta of 0.27. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.35. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a 50 day moving average price of $107.83 and a 200 day moving average price of $109.73.

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 (EPS) 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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company posted $2.44 EPS. The firm's quarterly 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. On average, research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was 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 -32.09%.

About J. M. Smucker

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.