Swedbank AB Boosts Holdings in The J. M. Smucker Company $SJM

Key Points

• Swedbank AB increased its holdings in The J. M. Smucker Company by 7.9%, now owning 147,812 shares valued at approximately $14.52 million.
• The J. M. Smucker Company reported quarterly earnings of $1.90 EPS, missing expectations, alongside a revenue of $2.11 billion, which was slightly above the consensus estimate.
• The company announced a quarterly dividend increase from $1.08 to $1.10 per share, representing an annualized yield of 4.0%.

Swedbank AB lifted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,812 shares of the company's stock after purchasing an additional 10,813 shares during the period. Swedbank AB owned about 0.14% of J. M. Smucker worth $14,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of J. M. Smucker by 13.1% during the fourth quarter. Royal Bank of Canada now owns 162,539 shares of the company's stock worth $17,898,000 after purchasing an additional 18,877 shares during the period. Woodline Partners LP bought a new position in J. M. Smucker during the 4th quarter worth $704,000. Waverly Advisors LLC acquired a new position in J. M. Smucker during the 4th quarter worth about $285,000. Fourth Dimension Wealth LLC bought a new stake in shares of J. M. Smucker in the 4th quarter valued at about $91,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at about $361,000. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of SJM stock traded up $0.64 during trading on Tuesday, reaching $108.72. 1,087,134 shares of the company's stock traded hands, compared to its average volume of 1,698,958. The firm's 50-day moving average is $109.45 and its 200 day moving average is $109.69. The company has a market capitalization of $11.60 billion, a P/E ratio of -7.93, a PEG ratio of 7.51 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 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 issued its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued 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 of this dividend was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker's payout ratio is currently -32.09%.

Analyst Ratings Changes

A number of research firms recently commented on SJM. JPMorgan Chase & Co. cut their price objective on J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Bank of America reduced their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Thursday, August 28th. Barclays reiterated an "equal weight" rating and set a $105.00 price objective on shares of J. M. Smucker in a research report on Friday, August 29th. Argus cut shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday, September 12th. Finally, Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and decreased their price target for the stock from $118.00 to $115.00 in a report 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 MarketBeat.com, J. M. Smucker has an average 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.