The J. M. Smucker Company $SJM Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in The J. M. Smucker Company by 7.9% during the first quarter, now owning approximately 1.15% of the company, valued at $144.45 million.
• The J. M. Smucker Company recently announced a quarterly dividend increase from $1.08 to $1.10 per share, providing an annualized yield of 3.9%.
• Analysts have shown optimism, with upgrades from several firms, including JPMorgan Chase increasing its target price from $102.00 to $129.00.

Northern Trust Corp increased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,219,932 shares of the company's stock after buying an additional 89,316 shares during the period. Northern Trust Corp owned about 1.15% of J. M. Smucker worth $144,452,000 as of its most recent SEC filing.

A number of other institutional 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 valued at $310,620,000 after buying an additional 208,231 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 valued at $267,252,000 after purchasing an additional 248,110 shares during the period. Ariel Investments LLC grew its holdings in J. M. Smucker by 12.4% in the fourth quarter. Ariel Investments LLC now owns 1,832,861 shares of the company's stock valued at $201,835,000 after purchasing an additional 201,576 shares during the period. ProShare Advisors LLC grew its holdings in J. M. Smucker by 5.8% in the fourth quarter. ProShare Advisors LLC now owns 1,627,187 shares of the company's stock valued at $179,186,000 after purchasing an additional 89,448 shares during the period. Finally, LSV Asset Management grew its holdings in J. M. Smucker by 48.4% in the first quarter. LSV Asset Management now owns 1,379,320 shares of the company's stock valued at $163,325,000 after purchasing an additional 449,920 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $113.1820 on Friday. The firm has a 50-day moving average price of $105.67 and a 200 day moving average price of $109.39. The firm has a market capitalization of $12.05 billion, a PE ratio of -9.79, a P/E/G ratio of 8.40 and a beta of 0.31. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm posted $2.66 EPS. J. M. Smucker's revenue was down 2.8% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side 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 will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $1.10 per share. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 15th. J. M. Smucker's payout ratio is currently -38.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of J. M. Smucker from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $102.00 to $129.00 in a report on Wednesday. Morgan Stanley boosted their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Citigroup decreased their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday, June 11th. UBS Group boosted their price objective on shares of J. M. Smucker from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Royal Bank Of Canada began coverage on shares of J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 target price for the company. One 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, the company has an average rating of "Moderate Buy" and a consensus price target of $119.69.

Insider Buying and Selling

In other news, Director Tarang Amin acquired 1,050 shares of J. M. Smucker stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the purchase, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.24% of the company's stock.

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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