The J. M. Smucker Company $SJM Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,149 shares of the company’s stock after acquiring an additional 2,856 shares during the period. Intech Investment Management LLC’s holdings in J. M. Smucker were worth $2,371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SJM. Tortoise Investment Management LLC increased its stake in J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in J. M. Smucker in the second quarter valued at $25,000. AlphaQuest LLC purchased a new position in shares of J. M. Smucker in the second quarter valued at $26,000. Bank of Jackson Hole Trust raised its stake in shares of J. M. Smucker by 104.5% during the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after buying an additional 140 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker during the 1st quarter worth $30,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Barclays reissued an “equal weight” rating and set a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. JPMorgan Chase & Co. reduced their target price on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Finally, Wells Fargo & Company increased their target price on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Moderate Buy” and an average target price of $118.38.

J. M. Smucker Trading Down 1.0%

Shares of SJM opened at $103.66 on Friday. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a market capitalization of $11.06 billion, a PE ratio of -7.56, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24. The stock has a fifty day moving average of $105.89 and a two-hundred day moving average of $107.15. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM) last posted 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). The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

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 issued a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 4.2%. J. M. Smucker’s payout ratio 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.