Strathmore Capital Advisors Inc. Takes Position in The J. M. Smucker Company $SJM

Key Points

• Strathmore Capital Advisors Inc. has made a new investment of approximately $373,000 in The J. M. Smucker Company, acquiring 3,584 shares during the second quarter.
• The J. M. Smucker Company recently reported a quarterly EPS of $1.90, missing analysts' expectations, with a revenue of $2.11 billion, slightly above estimates.
• J. M. Smucker has increased its quarterly dividend from $1.08 to $1.10, resulting in an annualized yield of 4.2%.

Strathmore Capital Advisors Inc. purchased a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,584 shares of the company's stock, valued at approximately $373,000.

Several other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC grew its position in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of J. M. Smucker by 3.9% during the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after purchasing an additional 116 shares during the last quarter. SouthState Corp grew its holdings 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 acquiring an additional 118 shares during the last quarter. Rowlandmiller & PARTNERS.ADV lifted its position in shares of J. M. Smucker by 2.6% in the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock worth $551,000 after purchasing an additional 119 shares during the period. Finally, Sit Investment Associates Inc. lifted its position in shares of J. M. Smucker by 15.4% during the 1st quarter. Sit Investment Associates Inc. now owns 900 shares of the company's stock valued at $107,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Trading Up 2.0%

Shares of SJM traded up $2.12 during midday trading on Friday, hitting $108.80. The stock had a trading volume of 4,699,845 shares, compared to its average volume of 2,433,833. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The firm has a market cap of $11.61 billion, a PE ratio of -7.94, a price-to-earnings-growth ratio of 7.36 and a beta of 0.27. 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 stock's 50 day moving average is $109.38 and its 200 day moving average is $109.77.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data 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 during 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 was down .6% compared to the same quarter last year. During the same period last year, the company earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on SJM. Bank of America reduced their price target on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a research report on Thursday, August 28th. Wells Fargo & Company increased their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. JPMorgan Chase & Co. reduced 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 research report on Thursday, August 28th. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley lifted their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a report on Monday, August 18th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average 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.