4,695 Shares in The J. M. Smucker Company $SJM Purchased by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,695 shares of the company's stock, valued at approximately $556,000.

Several other hedge funds also recently bought and sold shares of the business. Invesco Ltd. grew its position in J. M. Smucker by 8.6% in the 1st quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after acquiring an additional 208,231 shares during the last quarter. Dimensional Fund Advisors LP grew its position in J. M. Smucker by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock valued at $267,252,000 after acquiring an additional 248,110 shares during the last quarter. ProShare Advisors LLC grew its position in J. M. Smucker by 5.8% in the 4th quarter. ProShare Advisors LLC now owns 1,627,187 shares of the company's stock valued at $179,186,000 after acquiring an additional 89,448 shares during the last quarter. LSV Asset Management grew its position in 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 acquiring an additional 449,920 shares during the last quarter. Finally, Northern Trust Corp grew its position in J. M. Smucker by 7.9% in the 1st quarter. Northern Trust Corp now owns 1,219,932 shares of the company's stock valued at $144,452,000 after acquiring an additional 89,316 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research raised J. M. Smucker to a "hold" rating in a research report on Monday, August 11th. Cfra Research raised J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, August 27th. DA Davidson increased their price target on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. BNP Paribas raised J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. Finally, Barclays reissued an "equal weight" rating and set a $105.00 price target on shares of J. M. Smucker in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Insider Buying and Selling

In related news, Director Tarang Amin bought 1,050 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.24% of the stock is currently owned by company insiders.

J. M. Smucker Stock Up 0.1%

J. M. Smucker stock traded up $0.16 during midday trading on Thursday, reaching $112.21. The company's stock had a trading volume of 1,495,175 shares, compared to its average volume of 1,657,088. The stock's 50-day simple moving average is $107.83 and its 200-day simple moving average is $109.73. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.35. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The stock has a market capitalization of $11.97 billion, a P/E ratio of -8.18, a PEG ratio of 7.65 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the previous year, the business earned $2.44 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. The ex-dividend date was Friday, August 15th. This is a positive change 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%. J. M. Smucker's dividend payout ratio (DPR) is -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.