Integrated Wealth Concepts LLC Has $886,000 Holdings in The J. M. Smucker Company $SJM

Key Points

• Integrated Wealth Concepts LLC increased its holdings in The J. M. Smucker Company by 283.2% during the first quarter, concluding the quarter with 7,481 shares valued at $886,000.
• The J. M. Smucker Company reported $1.90 EPS for the recent quarter, missing estimates, while also announcing a quarterly dividend increase to $1.10 per share.
• Analyst ratings for J. M. Smucker vary, with one analyst rating it as a Strong Buy and eight as a Buy, reflecting a generally positive outlook with an average price target of $118.00.

Integrated Wealth Concepts LLC increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 283.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,481 shares of the company's stock after acquiring an additional 5,529 shares during the period. Integrated Wealth Concepts LLC's holdings in J. M. Smucker were worth $886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. Maverick Capital Ltd. acquired a new position in J. M. Smucker in the first quarter valued at about $64,125,000. Two Sigma Advisers LP boosted its position in J. M. Smucker by 76.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company's stock valued at $118,808,000 after buying an additional 468,200 shares in the last quarter. LSV Asset Management boosted its position in J. M. Smucker by 48.4% in the first quarter. LSV Asset Management now owns 1,379,320 shares of the company's stock valued at $163,325,000 after buying an additional 449,920 shares in the last quarter. GAMMA Investing LLC boosted its position in J. M. Smucker by 8,557.5% in the first quarter. GAMMA Investing LLC now owns 321,365 shares of the company's stock valued at $38,053,000 after buying an additional 317,653 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in J. M. Smucker in the first quarter valued at about $33,055,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SJM has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They issued an "outperform" rating and a $130.00 price target on the stock. Argus downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research note on Friday. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Finally, Bank of America dropped their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

J. M. Smucker Trading Down 5.0%

NYSE SJM traded down $5.43 during trading on Monday, reaching $102.38. 2,718,123 shares of the stock traded hands, compared to its average volume of 1,654,011. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of -7.47, a price-to-earnings-growth ratio of 7.44 and a beta of 0.27. The stock's 50-day moving average price is $109.24 and its 200 day moving average price is $109.94. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. J. M. Smucker's dividend payout ratio is currently -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.