Engineers Gate Manager LP Invests $109.90 Million in The J. M. Smucker Company $SJM

Engineers Gate Manager LP bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,119,100 shares of the company’s stock, valued at approximately $109,896,000. J. M. Smucker accounts for about 1.4% of Engineers Gate Manager LP’s portfolio, making the stock its biggest holding.

A number of other hedge funds have also recently bought and sold shares of SJM. Cullen Frost Bankers Inc. increased its position in shares of J. M. Smucker by 2.6% during the second quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock valued at $380,000 after purchasing an additional 97 shares during the period. Tortoise Investment Management LLC boosted its stake in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Twin Capital Management Inc. increased its holdings in J. M. Smucker by 1.6% in the 2nd quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $719,000 after buying an additional 117 shares during the period. Golden State Wealth Management LLC raised its stake in shares of J. M. Smucker by 14.1% in the 2nd quarter. Golden State Wealth Management LLC now owns 961 shares of the company’s stock valued at $94,000 after buying an additional 119 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its stake in shares of J. M. Smucker by 15.4% in the 1st quarter. Sit Investment Associates Inc. now owns 900 shares of the company’s stock valued at $107,000 after buying an additional 120 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

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 shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 2.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SJM has been the topic of a number of analyst reports. Barclays reissued an “equal weight” rating and issued a $105.00 target price on shares of J. M. Smucker in a research note on Friday, August 29th. Morgan Stanley lowered their price objective on J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. JPMorgan Chase & Co. dropped their target price on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Cfra Research raised J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. Finally, Bank of America lowered their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.79.

J. M. Smucker Stock Up 0.7%

Shares of SJM opened at $101.58 on Friday. The company has a market capitalization of $10.84 billion, a P/E ratio of -9.05, a PEG ratio of 6.86 and a beta of 0.22. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $121.48. The business’s 50 day simple moving average is $104.02 and its 200-day simple moving average is $105.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $1.10 per share. The ex-dividend date was Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is -39.22%.

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.