The J. M. Smucker Company $SJM Shares Bought by Groupe la Francaise

Key Points

• Groupe la Francaise increased its stake in The J. M. Smucker Company by 62.8% during the first quarter, now owning 26,621 shares worth approximately $3.1 million.
• J. M. Smucker recently reported an earnings per share (EPS) of $2.31 for the latest quarter, surpassing estimates, despite a 2.8% decline in quarterly revenue year-over-year.
• The company announced an increase in its quarterly dividend to $1.10 per share, yielding 3.9%, with payments set for September 2nd.

Groupe la Francaise grew its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 62.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,621 shares of the company's stock after acquiring an additional 10,272 shares during the period. Groupe la Francaise's holdings in J. M. Smucker were worth $3,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Utah Retirement Systems lifted its position in shares of J. M. Smucker by 0.6% during the 4th quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock valued at $1,888,000 after acquiring an additional 100 shares during the period. Wallace Capital Management Inc. lifted its position in shares of J. M. Smucker by 4.9% during the 4th quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after acquiring an additional 100 shares during the period. Forum Financial Management LP lifted its position in shares of J. M. Smucker by 3.9% during the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after acquiring an additional 116 shares during the period. SouthState Corp lifted its position in shares of J. M. Smucker by 6.4% during the 1st quarter. SouthState Corp now owns 1,976 shares of the company's stock valued at $234,000 after acquiring an additional 118 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV lifted its position in shares of J. M. Smucker by 2.6% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock valued at $551,000 after acquiring an additional 119 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin acquired 1,050 shares of the company's stock in a transaction dated 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 purchase, the director directly owned 3,825 shares in the company, valued at $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 available at this link. 2.24% of the stock is currently owned by corporate insiders.

J. M. Smucker Trading Up 0.2%

Shares of SJM stock opened at $113.1820 on Friday. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of -9.79, a PEG ratio of 8.41 and a beta of 0.31. The firm has a 50-day moving average price of $105.67 and a 200 day moving average price of $109.43. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SJM. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and reduced their price target for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Barclays cut their target price on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Citigroup cut their target price on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. JPMorgan Chase & Co. upgraded shares of J. M. Smucker from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $102.00 to $129.00 in a research report on Wednesday. Finally, Morgan Stanley lifted their target price 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. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $119.69.

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.

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