Silver Oak Securities Incorporated Takes Position in The J. M. Smucker Company $SJM

Key Points

• Silver Oak Securities Incorporated acquired 3,100 shares of The J. M. Smucker Company valued at approximately $304,000 during the 2nd quarter, indicating growing interest from institutional investors.
• J. M. Smucker recently announced an increase in its quarterly dividend to $1.10 per share, representing a yield of 4.1% and reflecting a positive approach to shareholder returns.
• Analysts currently have a consensus rating of "Moderate Buy" for J. M. Smucker, with an average target price of $118.00, showcasing a generally optimistic outlook on the stock's performance.

Silver Oak Securities Incorporated acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,100 shares of the company's stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC grew its stake in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Forum Financial Management LP grew its stake in J. M. Smucker by 3.9% during the first 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 in the last quarter. SouthState Corp grew its stake in J. M. Smucker by 6.4% during the first quarter. SouthState Corp now owns 1,976 shares of the company's stock valued at $234,000 after acquiring an additional 118 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its stake in J. M. Smucker by 2.6% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock valued at $551,000 after acquiring an additional 119 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its stake in J. M. Smucker by 15.4% during the first quarter. Sit Investment Associates Inc. now owns 900 shares of the company's stock valued at $107,000 after acquiring an additional 120 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SJM. UBS Group cut their target price on shares of 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. Barclays reaffirmed an "equal weight" rating and set a $105.00 price target on shares of J. M. Smucker in a research note on Friday, August 29th. Morgan Stanley lifted their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. BNP Paribas Exane raised shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target for the company in a research note on Wednesday, July 9th. Finally, Stifel Nicolaus lifted their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

J. M. Smucker Stock Down 0.5%

NYSE:SJM opened at $108.19 on Tuesday. The company has a market cap of $11.54 billion, a PE ratio of -7.89, a P/E/G ratio of 7.51 and a beta of 0.27. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. 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's 50 day moving average is $109.45 and its two-hundred day moving average is $109.69.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). The company had revenue of $2.11 billion for the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Analysts anticipate 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. Shareholders of record on Friday, August 15th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 annualized dividend and a yield of 4.1%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is presently -32.09%.

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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