UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $96.55 Million Stock Position in The J. M. Smucker Company $SJM

Key Points

• UBS AM increased its stake in The J. M. Smucker Company by 5.3%, holding a total of 815,412 shares valued at approximately $96.55 million as of the last reporting period.
• J. M. Smucker announced a quarterly dividend increase to $1.10 per share, reflecting a yield of 4.1% and boosting its annual dividend payout.
• A mix of analysts have given J. M. Smucker a "Moderate Buy" rating, with major price targets ranging from $110.00 to $130.00.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 815,412 shares of the company's stock after acquiring an additional 41,249 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.77% of J. M. Smucker worth $96,553,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SJM. Maverick Capital Ltd. acquired a new position in J. M. Smucker during the 1st quarter worth approximately $64,125,000. Two Sigma Advisers LP boosted its holdings in shares of J. M. Smucker by 76.7% in the 4th 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 during the last quarter. LSV Asset Management boosted its holdings in shares of J. M. Smucker by 48.4% in the 1st 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 during the last quarter. GAMMA Investing LLC boosted its holdings in shares of J. M. Smucker by 8,557.5% in the 1st 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 during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at approximately $33,055,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Argus downgraded J. M. Smucker from a "buy" rating to a "hold" rating in a report on Friday. Royal Bank Of Canada began coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They issued an "outperform" rating and a $130.00 target price for the company. Stifel Nicolaus boosted their target price on shares of J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued 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 target price of $118.00.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $107.92 on Friday. 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. The business's 50-day moving average price is $109.24 and its two-hundred day moving average price is $109.94. The stock has a market cap of $11.51 billion, a PE ratio of -7.87, a P/E/G ratio of 7.65 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results 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). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $2.44 EPS. The business's revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $1.10 dividend. 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 4.1%. The ex-dividend date was Friday, August 15th. J. M. Smucker's dividend payout ratio (DPR) is presently -32.09%.

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.

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