Gamco Investors INC. ET AL Has $19.03 Million Stock Holdings in The J. M. Smucker Company $SJM

Gamco Investors INC. ET AL lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 20.4% during the second quarter, HoldingsChannel reports. The firm owned 169,186 shares of the company’s stock after buying an additional 28,630 shares during the quarter. Gamco Investors INC. ET AL’s holdings in J. M. Smucker were worth $19,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SJM. Trust Co. of Vermont acquired a new stake in J. M. Smucker during the 2nd quarter worth $117,000. Bank of New York Mellon Corp acquired a new position in J. M. Smucker in the second quarter valued at about $103,113,000. Wedge Capital Management L L P NC grew its stake in J. M. Smucker by 5.1% in the second quarter. Wedge Capital Management L L P NC now owns 48,059 shares of the company’s stock valued at $5,407,000 after acquiring an additional 2,315 shares during the period. Tema ETFs LLC increased its holdings in shares of J. M. Smucker by 13.0% in the second quarter. Tema ETFs LLC now owns 2,145 shares of the company’s stock worth $241,000 after acquiring an additional 247 shares in the last quarter. Finally, Sage Capital Advisors llc increased its holdings in shares of J. M. Smucker by 1.5% in the second quarter. Sage Capital Advisors llc now owns 71,022 shares of the company’s stock worth $7,990,000 after acquiring an additional 1,027 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the sale, the insider directly owned 16,039 shares in the company, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction on Wednesday, June 24th. The shares were 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 owned 38,699 shares in the company, valued at $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 18,533 shares of company stock valued at $2,132,914. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker Trading Up 0.9%

NYSE SJM opened at $124.10 on Friday. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of -95.46, a PEG ratio of 1.68 and a beta of 0.25. The stock’s 50 day moving average price is $116.11 and its two-hundred day moving average price is $107.38. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $127.64.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business earned $2.31 EPS. The business’s quarterly revenue 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. As a group, analysts anticipate that The J. M. Smucker Company will post 9.98 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, August 14th. J. M. Smucker’s payout ratio is -344.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SJM. Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group raised their target price on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen upped their price target on shares of J. M. Smucker from $120.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday. Barclays raised their price objective on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, June 11th. Finally, HC Wainwright set a $123.00 price objective on shares of J. M. Smucker in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, J. M. Smucker has a consensus rating of “Moderate Buy” and a consensus price target of $125.53.

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.