Banco Bilbao Vizcaya Argentaria S.A. Acquires 21,431 Shares of The J. M. Smucker Company $SJM

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in The J. M. Smucker Company by 870.1% in Q1, owning 23,894 shares valued at approximately $2.83 million.
• Insider activity saw Director Tarang Amin purchase 1,050 shares, increasing his ownership by 37.84% and bringing his total to 3,825 shares.
• The J. M. Smucker Company declared an increased quarterly dividend of $1.10 per share, representing a 3.9% yield, with the ex-dividend date set for August 15th.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 870.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,894 shares of the company's stock after buying an additional 21,431 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in J. M. Smucker were worth $2,829,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP acquired a new position in shares of J. M. Smucker during the first quarter worth approximately $556,000. Northern Trust Corp lifted its holdings in shares of J. M. Smucker by 7.9% during the first quarter. Northern Trust Corp now owns 1,219,932 shares of the company's stock worth $144,452,000 after buying an additional 89,316 shares during the last quarter. Affinity Investment Advisors LLC acquired a new position in shares of J. M. Smucker during the first quarter worth approximately $210,000. Raymond James Financial Inc. lifted its holdings in shares of J. M. Smucker by 8.0% during the first quarter. Raymond James Financial Inc. now owns 323,423 shares of the company's stock worth $38,297,000 after buying an additional 23,860 shares during the last quarter. Finally, Gen Wealth Partners Inc lifted its holdings in shares of J. M. Smucker by 7.5% during the first quarter. Gen Wealth Partners Inc now owns 6,980 shares of the company's stock worth $827,000 after buying an additional 486 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $1.64 during mid-day trading on Monday, hitting $111.56. 2,300,336 shares of the company were exchanged, compared to its average volume of 1,584,256. 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 business has a fifty day moving average of $105.67 and a 200 day moving average of $109.48. 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 market capitalization of $11.88 billion, a PE ratio of -9.65, a price-to-earnings-growth ratio of 8.42 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company posted $2.66 earnings per share. The business's revenue for the quarter 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. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business 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 an increase from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, August 15th. J. M. Smucker's dividend payout ratio is currently -38.06%.

Wall Street Analyst Weigh In

SJM has been the subject of a number of research analyst reports. BNP Paribas Exane upgraded J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target for the company in a report on Wednesday, July 9th. Royal Bank Of Canada started coverage on J. M. Smucker in a report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target for the company. Morgan Stanley upped their target price on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. upgraded J. M. Smucker from a "neutral" rating to an "overweight" rating and upped their target price for the company from $102.00 to $129.00 in a research note on Wednesday, August 20th. Finally, UBS Group upped their target price on J. M. Smucker from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of "Moderate Buy" and a consensus target price of $119.69.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin acquired 1,050 shares of the company's stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director directly owned 3,825 shares of the company's stock, valued at $367,544.25. The trade was a 37.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.24% of the stock is owned by corporate insiders.

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.