5,878 Shares in The J. M. Smucker Company $SJM Acquired by Strategic Investment Advisors MI

Strategic Investment Advisors MI purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,878 shares of the company’s stock, valued at approximately $567,000.

A number of other hedge funds have also modified their holdings of the company. UBS Group AG raised its position in shares of J. M. Smucker by 238.7% during the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after purchasing an additional 2,765,559 shares during the period. Two Sigma Investments LP boosted its holdings in J. M. Smucker by 6,854.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after buying an additional 1,505,991 shares during the period. Norges Bank bought a new position in J. M. Smucker in the 4th quarter worth $92,960,000. Dimensional Fund Advisors LP increased its stake in J. M. Smucker by 33.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after buying an additional 850,943 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in J. M. Smucker by 339.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock worth $111,156,000 after buying an additional 794,851 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Down 3.3%

Shares of NYSE SJM opened at $122.21 on Friday. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of -94.01, a P/E/G ratio of 1.76 and a beta of 0.26. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $127.64. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $111.56 and its 200-day moving average price is $105.51.

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

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $1.12 dividend. The ex-dividend date is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. J. M. Smucker’s dividend payout ratio (DPR) is currently -344.62%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BTIG Research set a $130.00 price objective on J. M. Smucker in a research report on Wednesday, June 10th. Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research report on Wednesday, June 10th. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. boosted their price target on J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Barclays upped their price target on J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $121.67.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the sale, the chief financial officer directly owned 38,699 shares in the company, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeannette L. Knudsen sold 5,550 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the transaction, the insider directly owned 16,039 shares in the company, valued at $1,865,175.31. This represents a 25.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,533 shares of company stock worth $2,132,914 in the last quarter. 2.80% of the stock is owned by company insiders.

About J. M. Smucker

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.