Sage Mountain Advisors LLC Makes New $304,000 Investment in The J. M. Smucker Company $SJM

Sage Mountain Advisors LLC bought a new position in The J. M. Smucker Company (NYSE:SJM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,099 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC bought a new position in shares of J. M. Smucker during the 2nd quarter worth $26,000. Carnegie Investment Counsel grew its position in shares of J. M. Smucker by 19.3% during the 2nd quarter. Carnegie Investment Counsel now owns 2,976 shares of the company’s stock worth $292,000 after buying an additional 481 shares in the last quarter. FSM Wealth Advisors LLC bought a new position in shares of J. M. Smucker during the 2nd quarter worth $321,000. Forum Financial Management LP grew its position in shares of J. M. Smucker by 20.6% during the 2nd quarter. Forum Financial Management LP now owns 3,755 shares of the company’s stock worth $369,000 after buying an additional 642 shares in the last quarter. Finally, Studio Investment Management LLC grew its position in shares of J. M. Smucker by 167.4% during the 2nd quarter. Studio Investment Management LLC now owns 6,291 shares of the company’s stock worth $618,000 after buying an additional 3,938 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.4%

J. M. Smucker stock opened at $102.17 on Monday. The stock has a 50-day moving average of $107.90 and a two-hundred day moving average of $108.43. 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 $10.90 billion, a PE ratio of -7.45, a price-to-earnings-growth ratio of 7.05 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is -32.09%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Cfra Research raised J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Zacks Research raised J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. Finally, UBS Group dropped their price objective on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.38.

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.