State of Alaska Department of Revenue Grows Position in The J. M. Smucker Company $SJM

Key Points

• The State of Alaska Department of Revenue increased its holdings in The J. M. Smucker Company by 38.1%, acquiring a total of 28,948 shares valued at approximately $2.84 million.
• The company recently announced a quarterly dividend increase from $1.08 to $1.10, reflecting a 4.0% dividend yield.
• J. M. Smucker's stock showed mixed performance with a quarterly earnings report indicating an EPS of $1.90, below expectations, alongside a revenue of $2.11 billion, slightly exceeding forecasts.

State of Alaska Department of Revenue raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 38.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,948 shares of the company's stock after purchasing an additional 7,980 shares during the quarter. State of Alaska Department of Revenue's holdings in J. M. Smucker were worth $2,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in J. M. Smucker by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company's stock valued at $96,553,000 after purchasing an additional 41,249 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of J. M. Smucker in the first quarter worth about $203,000. Integrated Wealth Concepts LLC lifted its holdings in shares of J. M. Smucker by 283.2% in the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company's stock worth $886,000 after buying an additional 5,529 shares in the last quarter. Swedbank AB lifted its holdings in shares of J. M. Smucker by 7.9% in the second quarter. Swedbank AB now owns 147,812 shares of the company's stock worth $14,515,000 after buying an additional 10,813 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of J. M. Smucker by 113.5% in the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after buying an additional 1,554 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 1.1%

Shares of NYSE SJM opened at $108.67 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. 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 is $109.65 and its 200 day moving average is $109.53. The company has a market cap of $11.59 billion, a price-to-earnings ratio of -7.93, a PEG ratio of 7.42 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its 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). 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 during the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the previous year, the firm earned $2.44 earnings per share. 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, equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. J. M. Smucker's payout ratio is presently -32.09%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SJM shares. Wells Fargo & Company increased their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Morgan Stanley increased their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Citigroup lowered their price target on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Finally, Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and lowered their target price for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. One equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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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