The J. M. Smucker Company $SJM Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 83.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,668 shares of the company's stock after acquiring an additional 11,667 shares during the period. Jones Financial Companies Lllp's holdings in J. M. Smucker were worth $2,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth approximately $27,000. MCF Advisors LLC raised its holdings in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company's stock valued at $30,000 after buying an additional 126 shares during the period. MUFG Securities EMEA plc purchased a new position in J. M. Smucker in the second quarter valued at approximately $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in J. M. Smucker during the fourth quarter valued at approximately $32,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SJM has been the subject of several recent research reports. HC Wainwright set a $123.00 price objective on shares of J. M. Smucker in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of J. M. Smucker from $125.00 to $139.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Bank of America upped their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Wells Fargo & Company set a $115.00 price target on J. M. Smucker in a report on Wednesday, June 10th. Finally, UBS Group boosted their price objective on J. M. Smucker from $130.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.53.

J. M. Smucker Trading Up 1.2%

NYSE SJM opened at $125.87 on Tuesday. The stock has a market cap of $13.43 billion, a P/E ratio of -96.82, a PEG ratio of 1.68 and a beta of 0.25. The company's fifty day simple moving average is $116.32 and its 200-day simple moving average is $107.54. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $127.64.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $2.31 EPS. The business's revenue was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities research analysts predict that The J. M. Smucker Company will post 9.98 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. J. M. Smucker's dividend payout ratio is presently -344.62%.

Insider Buying and Selling

In related news, insider Jill R. Penrose sold 5,000 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the sale, the insider owned 16,039 shares in the company, valued at $1,865,175.31. This represents a 25.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,533 shares of company stock worth $2,132,914. 2.80% of the stock is currently owned by corporate insiders.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company's main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker's core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker's® fruit spreads, Jif® peanut butter, Folgers® and Dunkin'® coffees, and Café Bustelo® coffee.

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