Robeco Institutional Asset Management B.V. Has $60.29 Million Position in The J. M. Smucker Company $SJM

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in The J. M. Smucker Company by 4,906.2% during Q2, acquiring nearly 614,000 shares valued at $60.29 million.
• The company missed earnings expectations for the latest quarter, reporting $1.90 per share against a consensus estimate of $1.95, while also experiencing a decline in year-over-year revenue.
• The J. M. Smucker Company raised its quarterly dividend to $1.10 per share, reflecting an annual yield of 4.1%, up from the previous dividend of $1.08.

Robeco Institutional Asset Management B.V. raised its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 4,906.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 613,910 shares of the company's stock after buying an additional 601,647 shares during the period. Robeco Institutional Asset Management B.V. owned 0.58% of J. M. Smucker worth $60,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. Maverick Capital Ltd. acquired a new position in J. M. Smucker in the first quarter valued at about $64,125,000. LSV Asset Management boosted its position in J. M. Smucker by 48.4% in the first quarter. LSV Asset Management now owns 1,379,320 shares of the company's stock valued at $163,325,000 after buying an additional 449,920 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in J. M. Smucker in the first quarter valued at about $33,055,000. Dimensional Fund Advisors LP boosted its position in J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock valued at $267,252,000 after buying an additional 248,110 shares in the last quarter. Finally, Nuveen LLC acquired a new position in J. M. Smucker in the first quarter valued at about $26,928,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Trading Down 0.4%

SJM opened at $108.05 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The company has a market cap of $11.53 billion, a price-to-earnings ratio of -7.88, a price-to-earnings-growth ratio of 7.49 and a beta of 0.25. The firm has a 50 day simple moving average of $109.63 and a 200 day simple moving average 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.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly 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). The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate 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 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker's payout ratio is presently -32.09%.

Analysts Set New Price Targets

A number of research firms have commented on SJM. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and reduced their price target for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Wells Fargo & Company upped their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. Barclays reiterated an "equal weight" rating and set a $105.00 target price on shares of J. M. Smucker in a research report on Friday, August 29th. Finally, Argus lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday, September 12th. One investment 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. Based on data from MarketBeat, J. M. Smucker currently has an average rating of "Moderate Buy" and an average price target of $118.00.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 33,864 shares of the company's stock, valued at $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.24% of the stock is currently owned by company insiders.

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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