The J. M. Smucker Company $SJM Shares Purchased by Harbour Investments Inc.

Harbour Investments Inc. boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,860 shares of the company’s stock after buying an additional 574 shares during the period. Harbour Investments Inc.’s holdings in J. M. Smucker were worth $477,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its holdings in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Nova Wealth Management Inc. acquired a new position in shares of J. M. Smucker during the second quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker during the first quarter valued at $30,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker during the first quarter valued at $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of J. M. Smucker during the second quarter valued at $39,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

NYSE:SJM opened at $105.39 on Monday. 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 J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The firm has a market cap of $11.24 billion, a P/E ratio of -7.69, a PEG ratio of 7.26 and a beta of 0.25. The business’s 50-day moving average price is $108.66 and its 200 day moving average price is $108.73.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share 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 company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business earned $2.44 EPS. 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. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the transaction, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

SJM has been the topic of a number of research analyst reports. BNP Paribas raised J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, July 9th. Stifel Nicolaus raised their price target on J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, July 29th. Morgan Stanley raised their price target on J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, August 18th. DA Davidson lifted their target price on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Royal Bank Of Canada started coverage on J. M. Smucker in a report on Monday, July 7th. They set an “outperform” rating and a $130.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.