Studio Investment Management LLC Purchases 3,938 Shares of The J. M. Smucker Company $SJM

Key Points

• Studio Investment Management LLC increased its stake in The J. M. Smucker Company by 167.4%, acquiring an additional 3,938 shares to hold a total of 6,291 shares valued at approximately $618,000.
• J. M. Smucker's quarterly earnings fell short of estimates, reporting $1.90 EPS against a consensus of $1.95, while revenue was reported at $2.11 billion.
• Institutional investors now control 81.66% of J. M. Smucker's shares, with significant recent increases from firms like Invesco Ltd. and Dimensional Fund Advisors LP.

Studio Investment Management LLC lifted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 167.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,291 shares of the company's stock after buying an additional 3,938 shares during the period. Studio Investment Management LLC's holdings in J. M. Smucker were worth $618,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Invesco Ltd. increased its position in shares of J. M. Smucker by 8.6% in the 1st quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after buying an additional 208,231 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in J. M. Smucker by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock worth $267,252,000 after purchasing an additional 248,110 shares in the last quarter. Ariel Investments LLC increased its holdings in J. M. Smucker by 2.7% during the 1st quarter. Ariel Investments LLC now owns 1,881,584 shares of the company's stock worth $222,798,000 after purchasing an additional 48,723 shares in the last quarter. LSV Asset Management increased its holdings in J. M. Smucker by 48.4% during the 1st quarter. LSV Asset Management now owns 1,379,320 shares of the company's stock worth $163,325,000 after purchasing an additional 449,920 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in J. M. Smucker by 7.9% during the 1st quarter. Northern Trust Corp now owns 1,219,932 shares of the company's stock worth $144,452,000 after purchasing an additional 89,316 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Trading Down 0.5%

Shares of NYSE:SJM opened at $104.84 on Wednesday. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The company has a market capitalization of $11.18 billion, a P/E ratio of -7.65, a price-to-earnings-growth ratio of 7.27 and a beta of 0.25. The company has a 50-day simple moving average of $108.41 and a 200 day simple moving average of $108.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) 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 analyst estimates 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 revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

Wall Street Analyst Weigh In

SJM has been the subject of a number of research reports. Barclays reiterated an "equal weight" rating and set a $105.00 target price on shares of J. M. Smucker in a report on Friday, August 29th. Argus cut J. M. Smucker from a "buy" rating to a "hold" rating in a report on Friday, September 12th. Zacks Research upgraded J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Stifel Nicolaus raised their price objective on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Finally, Bank of America decreased their price objective on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm'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 in the company, valued at $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.24% of the stock is owned by company insiders.

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.

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