Strs Ohio Makes New Investment in The J. M. Smucker Company $SJM

Key Points

• Strs Ohio invested approximately $2.24 million in 18,945 shares of The J. M. Smucker Company during the first quarter, reflecting growing institutional interest in the stock.
• J. M. Smucker reported mixed earnings results, posting $1.90 EPS which missed estimates, but showing revenue of $2.11 billion, exceeding expectations.
• The company recently increased its quarterly dividend to $1.10 per share, up from $1.08, representing an annualized yield of 4.3% for investors.

Strs Ohio bought a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,945 shares of the company's stock, valued at approximately $2,243,000.

A number of other large investors also recently modified their holdings of SJM. Tortoise Investment Management LLC lifted its position in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in J. M. Smucker in the first quarter valued at approximately $30,000. Cooksen Wealth LLC acquired a new position in J. M. Smucker in the first quarter valued at approximately $33,000. National Pension Service lifted its holdings in J. M. Smucker by 74.9% in the first quarter. National Pension Service now owns 383 shares of the company's stock valued at $45,000 after buying an additional 164 shares during the period. Finally, Menard Financial Group LLC acquired a new position in J. M. Smucker in the fourth quarter valued at approximately $46,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays restated an "equal weight" rating and issued a $105.00 price objective on shares of J. M. Smucker in a report on Friday, August 29th. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and cut their price objective for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. JPMorgan Chase & Co. cut their price objective 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. Finally, Citigroup cut their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eight have given 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 an average target price of $118.00.

J. M. Smucker Stock Down 5.0%

J. M. Smucker stock opened at $102.38 on Tuesday. The company has a market cap of $10.92 billion, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 7.44 and a beta of 0.27. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a fifty day simple moving average of $109.22 and a 200 day simple moving average of $109.88. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

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 analysts' consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $2.44 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $1.10 dividend. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. J. M. Smucker's payout ratio is -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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