The J. M. Smucker Company $SJM Shares Acquired by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in J. M. Smucker by 14.3%, owning 61,723 shares valued at approximately $6.06 million.
• The company recently raised its quarterly dividend from $1.08 to $1.10, which reflects an annualized dividend yield of 4.2%.
• J. M. Smucker reported earnings per share (EPS) of $1.90 for the last quarter, falling short of the consensus estimate of $1.95.

KLP Kapitalforvaltning AS grew its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 14.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,723 shares of the company's stock after acquiring an additional 7,700 shares during the period. KLP Kapitalforvaltning AS owned about 0.06% of J. M. Smucker worth $6,061,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Invesco Ltd. raised its position in shares of J. M. Smucker by 8.6% in the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock worth $310,620,000 after acquiring an additional 208,231 shares during the period. Dimensional Fund Advisors LP raised its position in shares of J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock worth $267,252,000 after acquiring an additional 248,110 shares during the period. Ariel Investments LLC raised its position in shares of 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 during the last quarter. LSV Asset Management raised its position in shares of 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 during the last quarter. Finally, Northern Trust Corp raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares of the company's stock, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.24% of the stock is currently owned by company insiders.

J. M. Smucker Stock Down 0.4%

SJM stock opened at $104.74 on Friday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -7.64, a PEG ratio of 7.25 and a beta of 0.25. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The firm has a 50-day moving average of $109.33 and a two-hundred day moving average of $109.33.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period last year, the company earned $2.44 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. 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 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. 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 annualized dividend and a dividend yield of 4.2%. J. M. Smucker's dividend payout ratio is currently -32.09%.

Analyst Ratings Changes

SJM has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target for the company. DA Davidson upped their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Morgan Stanley upped their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, UBS Group reduced their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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.

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