The J. M. Smucker Company $SJM Stock Position Boosted by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in J. M. Smucker by 16.2% during the second quarter, now holding 18,575 shares valued at approximately $1.93 million.
• J. M. Smucker has recently enhanced its quarterly dividend from $1.08 to $1.10 per share, resulting in an annualized yield of 4.0%.
• As of the latest analysis, J. M. Smucker has a consensus rating of "Moderate Buy" with an average price target of $118.00 per share.

Wealth Enhancement Advisory Services LLC boosted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 16.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,575 shares of the company's stock after buying an additional 2,589 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in J. M. Smucker were worth $1,933,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of J. M. Smucker during the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in shares of J. M. Smucker during the 1st quarter valued at about $30,000. Cooksen Wealth LLC bought a new position in shares of J. M. Smucker during the 1st quarter valued at about $33,000. Finally, National Pension Service boosted its position in shares of J. M. Smucker by 74.9% during the 1st quarter. National Pension Service now owns 383 shares of the company's stock valued at $45,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SJM shares. Barclays restated an "equal weight" rating and set a $105.00 price objective on shares of J. M. Smucker in a research report on Friday, August 29th. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research report on Wednesday, July 9th. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. reduced their price objective on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Finally, Bank of America reduced their price objective 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 analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

J. M. Smucker Stock Performance

SJM stock opened at $109.19 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The stock has a market cap of $11.65 billion, a P/E ratio of -7.96, a P/E/G ratio of 7.54 and a beta of 0.27. The firm has a 50 day simple moving average of $109.62 and a 200 day simple moving average of $109.56. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly 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 analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts anticipate 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. Investors of record on Friday, August 15th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.0%. J. M. Smucker's payout ratio is -32.09%.

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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