The J. M. Smucker Company $SJM Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its holdings in The J. M. Smucker Company by 15.8%, now owning 101,300 shares worth approximately $11.99 million.
• Institutional investors currently own 81.66% of J. M. Smucker's stock, with several firms, including Wallace Capital Management and Tortoise Investment Management, recently increasing their stakes.
• The company has announced a quarterly dividend of $1.10 per share, raising its annualized dividend yield to 3.9% from the previous $1.08.

Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 15.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,300 shares of the company's stock after buying an additional 13,799 shares during the period. Meiji Yasuda Asset Management Co Ltd. owned 0.10% of J. M. Smucker worth $11,995,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Wallace Capital Management Inc. raised its holdings in shares of J. M. Smucker by 4.9% in the fourth 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 period. Tortoise Investment Management LLC increased its holdings in shares of J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Forum Financial Management LP increased its holdings in shares of J. M. Smucker by 3.9% in the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after acquiring an additional 116 shares during the period. SouthState Corp grew its stake in 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 buying an additional 118 shares during the last quarter. Finally, Rowlandmiller & PARTNERS.ADV grew its stake in 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 buying an additional 119 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

NYSE:SJM traded down $2.94 during trading hours on Friday, hitting $107.92. 1,576,705 shares of the stock were exchanged, compared to its average volume of 2,251,345. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The firm's fifty day moving average price is $109.24 and its 200 day moving average price is $109.93. 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 company has a market cap of $11.51 billion, a P/E ratio of -7.87, a P/E/G ratio of 7.65 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 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 analysts' expectations of $2.09 billion. During the same quarter last year, the firm posted $2.44 earnings per share. J. M. Smucker's quarterly revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. J. M. Smucker's dividend payout ratio (DPR) is currently -32.09%.

Analysts Set New Price Targets

SJM has been the subject of a number of research reports. DA Davidson lifted their price target on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Royal Bank Of Canada initiated coverage on J. M. Smucker in a report on Monday, July 7th. They issued an "outperform" rating and a $130.00 price objective for the company. Stifel Nicolaus boosted their price objective on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Argus cut J. M. Smucker from a "buy" rating to a "hold" rating in a report on Friday. Finally, Citigroup decreased their price objective on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

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.