The J. M. Smucker Company $SJM Stock Holdings Lifted by California State Teachers Retirement System

California State Teachers Retirement System raised its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 10,950.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,894,200 shares of the company's stock after purchasing an additional 13,768,467 shares during the period. California State Teachers Retirement System owned 13.03% of J. M. Smucker worth $1,563,098,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in J. M. Smucker by 36.3% during the first quarter. Royal Bank of Canada now owns 168,591 shares of the company's stock worth $16,258,000 after purchasing an additional 44,935 shares during the period. Castleark Management LLC acquired a new stake in shares of J. M. Smucker in the first quarter worth $5,746,000. Poehling Capital Management INC. lifted its position in shares of J. M. Smucker by 403.5% during the 4th quarter. Poehling Capital Management INC. now owns 22,238 shares of the company's stock worth $2,175,000 after purchasing an additional 17,821 shares during the last quarter. Delta Global Management LP acquired a new position in shares of J. M. Smucker during the first quarter valued at about $1,951,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in J. M. Smucker in the first quarter valued at about $4,071,000. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $120.98 on Friday. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 56.54, a PEG ratio of 1.56 and a beta of 0.27. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $135.89. The firm has a fifty day simple moving average of $120.33 and a 200 day simple moving average of $109.33. The company has a current ratio of 0.87, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $1.02. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. J. M. Smucker's quarterly revenue was up 5.0% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Research analysts forecast that The J. M. Smucker Company will post 10.71 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, August 14th. J. M. Smucker's dividend payout ratio (DPR) is presently 209.35%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 18,482 shares of J. M. Smucker stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the completion of the sale, the chief financial officer directly owned 38,699 shares of the company's stock, valued at approximately $5,110,202.95. This trade represents a 32.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the business's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares of the company's stock, valued at $1,843,118.55. This trade represents a 24.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,987 shares of company stock worth $4,261,991. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SJM has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on J. M. Smucker from $129.00 to $144.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Wall Street Zen raised J. M. Smucker from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Sanford C. Bernstein increased their price objective on shares of J. M. Smucker from $137.00 to $157.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. JPMorgan Chase & Co. boosted their target price on shares of J. M. Smucker from $125.00 to $139.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Finally, TD Cowen increased their price target on shares of J. M. Smucker from $123.00 to $136.00 and gave the company a "hold" rating in a research note on Thursday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.25.

J. M. Smucker Profile

The J. M. Smucker Company is a food and beverage manufacturer headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began with apple butter and has expanded into a diversified portfolio of branded consumer products sold primarily through retail and foodservice channels.

Its offerings include coffee products under brands such as Folgers, Café Bustelo and Dunkin' packaged coffee; fruit spreads and related products under the Smucker's brand; peanut butter and other foods under Jif; and frozen handheld snacks under the Uncrustables brand.

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