Advisors Asset Management Inc. Acquires 5,228 Shares of The J. M. Smucker Company $SJM

Key Points

• Advisors Asset Management Inc. increased its stake in The J. M. Smucker Company by 42.7% during the first quarter, owning 17,467 shares valued at approximately $2.068 million.
• Despite reporting earnings of $1.90 per share, J. M. Smucker missed analysts' expectations of $1.95 per share and experienced a 6% revenue decline compared to the previous year.
• The company increased its quarterly dividend from $1.08 to $1.10, representing an annualized dividend yield of 3.9%.

Advisors Asset Management Inc. raised its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 42.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,467 shares of the company's stock after buying an additional 5,228 shares during the quarter. Advisors Asset Management Inc.'s holdings in J. M. Smucker were worth $2,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SJM. Ariel Investments LLC lifted its position 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 valued at $222,798,000 after acquiring an additional 48,723 shares during the period. Ancora Advisors LLC increased its stake in shares of J. M. Smucker by 3.7% during the first quarter. Ancora Advisors LLC now owns 30,761 shares of the company's stock valued at $3,642,000 after purchasing an additional 1,110 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of J. M. Smucker by 76.7% during the first quarter. EP Wealth Advisors LLC now owns 3,675 shares of the company's stock valued at $435,000 after purchasing an additional 1,595 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of J. M. Smucker during the first quarter valued at approximately $64,125,000. Finally, Flputnam Investment Management Co. boosted its position in shares of J. M. Smucker by 12.4% in the 1st quarter. Flputnam Investment Management Co. now owns 10,014 shares of the company's stock worth $1,186,000 after purchasing an additional 1,104 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SJM. Cfra Research raised J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, August 27th. Barclays reaffirmed an "equal weight" rating and issued a $105.00 price target on shares of J. M. Smucker in a research report on Friday, August 29th. Stifel Nicolaus increased their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research note on Wednesday, July 9th. Finally, Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Insider Activity

In other news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.24% of the stock is currently owned by company insiders.

J. M. Smucker Stock Performance

NYSE SJM traded down $0.86 during trading hours on Wednesday, hitting $109.99. The company's stock had a trading volume of 1,009,480 shares, compared to its average volume of 1,649,328. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The company's 50 day simple moving average is $108.91 and its two-hundred day simple moving average is $109.96. 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 company has a market cap of $11.73 billion, a P/E ratio of -8.02, a price-to-earnings-growth ratio of 7.70 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $2.44 earnings per share. The business's revenue was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS 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 issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is currently -32.09%.

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.