Westhampton Capital LLC Buys 2,400 Shares of The J. M. Smucker Company $SJM

Key Points

• Westhampton Capital LLC increased its stake in J. M. Smucker by 30.6%, acquiring an additional 2,400 shares, bringing its total holdings to 10,243 shares valued at approximately $1,006,000.
• J. M. Smucker recently announced a quarterly dividend increase to $1.10 per share, which represents an annual yield of 4.1%, up from the previous dividend of $1.08.
• The company reported a miss in quarterly EPS with $1.90, below analysts' expectations of $1.95, while revenue was slightly above estimates at $2.11 billion.

Westhampton Capital LLC increased its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 30.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,243 shares of the company's stock after purchasing an additional 2,400 shares during the quarter. Westhampton Capital LLC's holdings in J. M. Smucker were worth $1,006,000 at the end of the most recent quarter.

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 lifted its holdings in shares of 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 worth $267,252,000 after buying an additional 248,110 shares during the period. Ariel Investments LLC lifted its holdings in shares of J. M. Smucker by 2.7% in the 1st quarter. Ariel Investments LLC now owns 1,881,584 shares of the company's stock worth $222,798,000 after buying an additional 48,723 shares during the period. LSV Asset Management lifted 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 worth $163,325,000 after buying an additional 449,920 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of J. M. Smucker by 7.9% in the 1st quarter. Northern Trust Corp now owns 1,219,932 shares of the company's stock worth $144,452,000 after buying an additional 89,316 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. Zacks Research upgraded J. M. Smucker to a "hold" rating in a report on Monday, August 11th. UBS Group lowered their target price on J. M. Smucker from $130.00 to $121.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Argus cut J. M. Smucker from a "buy" rating to a "hold" rating in a research note on Friday, September 12th. Finally, DA Davidson upped their price objective on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

J. M. Smucker Trading Down 1.6%

J. M. Smucker stock opened at $107.47 on Tuesday. The stock has a 50-day moving average of $109.67 and a two-hundred day moving average of $109.53. 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 J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The stock has a market cap of $11.46 billion, a PE ratio of -7.84, a price-to-earnings-growth ratio of 7.54 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 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 analysts' expectations of $2.09 billion. During the same quarter last year, the business posted $2.44 earnings per share. The company's quarterly revenue 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, research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.1%. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker's dividend payout ratio is -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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