Te Ahumairangi Investment Management Ltd Has $4.33 Million Stock Position in The J. M. Smucker Company $SJM

Key Points

• Te Ahumairangi Investment Management Ltd reduced its stake in The J. M. Smucker Company by 12.3%, holding 36,530 shares worth approximately $4.33 million after selling 5,109 shares in the first quarter.
• The J. M. Smucker Company reported a $1.90 earnings per share (EPS) for the last quarter, falling short of the $1.95 consensus estimate, with a revenue of $2.11 billion.
• J. M. Smucker announced an increased quarterly dividend of $1.10, payable on September 2nd, reflecting an annualized dividend of $4.40 and a yield of 4.1%.

Te Ahumairangi Investment Management Ltd reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 12.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,530 shares of the company's stock after selling 5,109 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in J. M. Smucker were worth $4,326,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in shares of J. M. Smucker by 1.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 151,950 shares of the company's stock worth $16,734,000 after purchasing an additional 2,402 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in J. M. Smucker in the fourth quarter worth $404,000. Quarry LP bought a new stake in J. M. Smucker during the fourth quarter valued at about $58,000. Northern Trust Corp boosted its holdings in J. M. Smucker by 9.9% in the fourth quarter. Northern Trust Corp now owns 1,130,616 shares of the company's stock worth $124,503,000 after acquiring an additional 101,958 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of J. M. Smucker by 124.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock worth $1,471,000 after purchasing an additional 7,414 shares during the period. Institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on SJM. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and dropped their price target for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. JPMorgan Chase & Co. decreased their price objective on J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. DA Davidson raised their price target on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Barclays reissued an "equal weight" rating and set a $105.00 price target on shares of J. M. Smucker in a research report on Friday. Finally, Zacks Research raised J. M. Smucker to a "hold" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, J. M. Smucker has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Price Performance

Shares of SJM stock traded down $1.11 on Tuesday, hitting $109.40. 1,964,295 shares of the company's stock were exchanged, compared to its average volume of 1,651,317. 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 J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The stock has a market cap of $11.67 billion, a P/E ratio of -7.98, a price-to-earnings-growth ratio of 7.65 and a beta of 0.27. The company has a 50 day moving average of $107.26 and a 200 day moving average of $109.71.

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 analysts' consensus estimates of $1.95 by ($0.05). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a $1.10 dividend. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker's dividend payout ratio (DPR) is -32.09%.

Insider Buying and Selling

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the purchase, the director directly owned 3,825 shares in the company, valued at $367,544.25. This trade represents a 37.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.24% of the company's stock.

J. M. Smucker Company 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.