The J. M. Smucker Company $SJM Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL reduced its holdings in The J. M. Smucker Company by 2.8%, owning 150,154 shares valued at approximately $17.78 million after selling 4,251 shares in the 1st quarter.
• J. M. Smucker declared a quarterly dividend of $1.10 per share, a slight increase from the previous $1.08, representing an annualized yield of 4.0% scheduled for payment on September 2nd.
• The company reported Q1 earnings of $2.31 per share, exceeding analyst expectations, but revenue decreased by 2.8% year-over-year to $2.14 billion.

Gamco Investors INC. ET AL cut its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 150,154 shares of the company's stock after selling 4,251 shares during the period. Gamco Investors INC. ET AL owned 0.14% of J. M. Smucker worth $17,780,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Gabelli Funds LLC raised its holdings in J. M. Smucker by 3.8% in the 1st quarter. Gabelli Funds LLC now owns 142,250 shares of the company's stock valued at $16,844,000 after acquiring an additional 5,150 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in J. M. Smucker in the 1st quarter valued at $33,055,000. Quantitative Investment Management LLC acquired a new position in J. M. Smucker in the 1st quarter valued at $911,000. Groupe la Francaise raised its holdings in J. M. Smucker by 62.8% in the 1st quarter. Groupe la Francaise now owns 26,621 shares of the company's stock valued at $3,107,000 after acquiring an additional 10,272 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in J. M. Smucker by 14.4% in the 1st quarter. Norinchukin Bank The now owns 5,253 shares of the company's stock valued at $622,000 after acquiring an additional 663 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 1.0%

Shares of J. M. Smucker stock opened at $110.44 on Wednesday. The company has a fifty day moving average price of $106.32 and a 200 day moving average price of $109.54. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of -9.55, a price-to-earnings-growth ratio of 8.30 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, topping 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 analysts' expectations of $2.18 billion. During the same period in the prior year, the company earned $2.66 EPS. The firm's revenue was down 2.8% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $1.10 per share. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker's dividend payout ratio is currently -38.06%.

Insiders Place Their Bets

In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.24% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on SJM. UBS Group boosted their price target on J. M. Smucker from $115.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and lowered their price objective for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. JPMorgan Chase & Co. raised shares of J. M. Smucker from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $102.00 to $129.00 in a research note on Wednesday, August 20th. Zacks Research raised shares of J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. Finally, Barclays lowered their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $119.69.

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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