Ariel Investments LLC Has $222.80 Million Holdings in The J. M. Smucker Company $SJM

Key Points

• Ariel Investments LLC increased its stake in The J. M. Smucker Company by 2.7% during Q1, owning 1,881,584 shares, which represents 2.6% of its investment portfolio.
• J. M. Smucker recently reported a quarterly earnings per share (EPS) of $1.90, missing analysts' expectations, with a revenue of $2.11 billion, reflecting a 0.6% year-over-year decline.
• The company declared a quarterly dividend of $1.10, an increase from the previous $1.08, resulting in an annualized dividend yield of 4.0%.

Ariel Investments LLC boosted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,881,584 shares of the company's stock after buying an additional 48,723 shares during the period. J. M. Smucker makes up 2.6% of Ariel Investments LLC's portfolio, making the stock its 7th largest holding. Ariel Investments LLC owned 1.77% of J. M. Smucker worth $222,798,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC bought a new stake in J. M. Smucker in the 1st quarter valued at about $203,000. Farther Finance Advisors LLC boosted its holdings in J. M. Smucker by 113.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock valued at $346,000 after purchasing an additional 1,554 shares during the period. Costello Asset Management INC bought a new stake in J. M. Smucker in the 1st quarter valued at about $50,000. Schonfeld Strategic Advisors LLC boosted its holdings in J. M. Smucker by 124.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock valued at $1,471,000 after purchasing an additional 7,414 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in J. M. Smucker by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company's stock valued at $2,482,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Insiders Place Their Bets

In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the purchase, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. UBS Group cut their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Wells Fargo & Company upped their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Barclays reaffirmed an "equal weight" rating and set a $105.00 price target on shares of J. M. Smucker in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Trading Up 0.1%

Shares of SJM stock traded up $0.12 during trading hours on Friday, hitting $112.46. 1,426,211 shares of the company's stock traded hands, compared to its average volume of 2,205,200. The stock's 50 day simple moving average is $108.49 and its 200 day simple moving average is $109.93. The stock has a market cap of $12.00 billion, a PE ratio of -8.20, a price-to-earnings-growth ratio of 7.76 and a beta of 0.27. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. J. M. Smucker's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $1.10 per share. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker's payout ratio is -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.