McElhenny Sheffield Capital Management LLC Takes Position in The J. M. Smucker Company $SJM

Key Points

• McElhenny Sheffield Capital Management LLC acquired a new stake in The J. M. Smucker Company, purchasing 7,185 shares valued at approximately $706,000 in the second quarter.
• Several institutional investors have increased their stakes in J. M. Smucker, with hedge funds and institutional investors now owning 81.66% of the company's stock.
• J. M. Smucker recently increased its quarterly dividend to $1.10 per share, marking a rise from its previous dividend of $1.08.

McElhenny Sheffield Capital Management LLC acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,185 shares of the company's stock, valued at approximately $706,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vontobel Holding Ltd. boosted its stake in shares of J. M. Smucker by 6.4% in the 2nd quarter. Vontobel Holding Ltd. now owns 75,969 shares of the company's stock valued at $7,460,000 after buying an additional 4,573 shares during the period. Clear Creek Financial Management LLC boosted its stake in shares of J. M. Smucker by 34.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 2,707 shares of the company's stock valued at $266,000 after buying an additional 692 shares during the period. KLP Kapitalforvaltning AS lifted its stake in J. M. Smucker by 14.3% during the second quarter. KLP Kapitalforvaltning AS now owns 61,723 shares of the company's stock worth $6,061,000 after purchasing an additional 7,700 shares during the last quarter. Clark & Stuart Inc lifted its stake in J. M. Smucker by 3.6% during the second quarter. Clark & Stuart Inc now owns 75,035 shares of the company's stock worth $7,368,000 after purchasing an additional 2,601 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in J. M. Smucker by 70.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,427 shares of the company's stock worth $337,000 after purchasing an additional 1,412 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

SJM has been the subject of several recent analyst reports. Zacks Research upgraded J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. Morgan Stanley boosted their target price on J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research note 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 for the company in a research note on Thursday, August 28th. Citigroup decreased their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday, June 11th. Finally, Royal Bank Of Canada initiated coverage on J. M. Smucker in a research note on Monday, July 7th. They set an "outperform" rating and a $130.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $118.00.

J. M. Smucker Trading Down 2.0%

SJM opened at $105.99 on Thursday. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of -7.73, a price-to-earnings-growth ratio of 7.46 and a beta of 0.25. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42. The business's 50 day moving average is $109.44 and its two-hundred day moving average is $109.42. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The company's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. 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 4.2%. J. M. Smucker's dividend payout ratio is presently -32.09%.

Insider Activity

In other news, CFO Tucker H. Marshall sold 11,139 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the transaction, the chief financial officer owned 33,864 shares of the company's stock, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.24% of the company's stock.

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.

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