The J. M. Smucker Company $SJM Stock Position Lifted by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 17.2% in the 1st quarter, HoldingsChannel reports. The firm owned 637,660 shares of the company’s stock after purchasing an additional 93,808 shares during the quarter. J. M. Smucker makes up 2.6% of Staley Capital Advisers Inc.’s portfolio, making the stock its 15th largest holding. Staley Capital Advisers Inc.’s holdings in J. M. Smucker were worth $61,496,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in J. M. Smucker by 10.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after buying an additional 1,763 shares during the period. United Services Automobile Association acquired a new stake in shares of J. M. Smucker in the 1st quarter worth approximately $253,000. Empowered Funds LLC boosted its holdings in shares of J. M. Smucker by 28.6% in the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after acquiring an additional 2,889 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,600 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of J. M. Smucker by 6.7% during the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after acquiring an additional 138 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the sale, the insider owned 16,039 shares in the company, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,533 shares of company stock worth $2,132,914 in the last quarter. 2.80% of the stock is owned by company insiders.

J. M. Smucker Trading Down 0.6%

J. M. Smucker stock opened at $112.57 on Thursday. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of -86.59, a price-to-earnings-growth ratio of 1.58 and a beta of 0.26. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39. The firm’s 50 day moving average price is $106.45 and its two-hundred day moving average price is $103.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, research analysts predict that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $1.10 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. J. M. Smucker’s dividend payout ratio (DPR) is -338.46%.

Wall Street Analyst Weigh In

SJM has been the topic of several recent analyst reports. BNP Paribas Exane set a $125.00 target price on J. M. Smucker in a report on Thursday, April 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 price target on shares of J. M. Smucker in a research report on Wednesday, June 10th. BTIG Research set a $130.00 price objective on J. M. Smucker in a report on Wednesday, June 10th. UBS Group raised their target price on J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $121.13.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.