The J. M. Smucker Company $SJM Shares Purchased by MAI Capital Management

Key Points

• MAI Capital Management increased its stake in The J. M. Smucker Company by 220.8% during the first quarter, owning approximately 113,854 shares worth around $13.48 million.
• The company announced a quarterly dividend increase to $1.10 per share with a yield of 4.0%, up from the previous dividend of $1.08.
• J. M. Smucker faced a slight earnings miss in its last quarterly report, posting $1.90 earnings per share against the consensus estimate of $1.95.

MAI Capital Management boosted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 220.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,854 shares of the company's stock after acquiring an additional 78,368 shares during the quarter. MAI Capital Management owned 0.11% of J. M. Smucker worth $13,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vident Advisory LLC acquired a new position in J. M. Smucker in the first quarter valued at $239,000. Canada Pension Plan Investment Board boosted its holdings in J. M. Smucker by 174.8% in the first quarter. Canada Pension Plan Investment Board now owns 38,200 shares of the company's stock valued at $4,523,000 after acquiring an additional 24,300 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Huber Capital Management LLC acquired a new position in J. M. Smucker in the first quarter valued at $6,110,000. Finally, Landscape Capital Management L.L.C. boosted its holdings in J. M. Smucker by 537.4% in the first quarter. Landscape Capital Management L.L.C. now owns 41,050 shares of the company's stock valued at $4,861,000 after acquiring an additional 34,610 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SJM. Morgan Stanley boosted their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. Barclays restated an "equal weight" rating and set a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. Royal Bank Of Canada started coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. One 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, J. M. Smucker presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded up $0.16 during trading on Thursday, hitting $112.21. 1,495,175 shares of the company traded hands, compared to its average volume of 1,657,515. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of -8.18, a PEG ratio of 7.65 and a beta of 0.27. The business's fifty day moving average is $107.83 and its 200-day moving average is $109.73. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The company 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%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, August 15th. J. M. Smucker's payout ratio is presently -32.09%.

Insider Activity

In other J. M. Smucker news, Director Tarang Amin acquired 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director owned 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.24% of the company's stock.

J. M. Smucker Company 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.