16,634 Shares in The J. M. Smucker Company $SJM Acquired by Townsend & Associates Inc

Townsend & Associates Inc bought a new position in The J. M. Smucker Company (NYSE:SJM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,634 shares of the company’s stock, valued at approximately $1,813,000.

Other hedge funds also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in J. M. Smucker by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock worth $96,553,000 after buying an additional 41,249 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in J. M. Smucker by 283.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock worth $886,000 after buying an additional 5,529 shares during the last quarter. Swedbank AB lifted its position in J. M. Smucker by 7.9% in the 2nd quarter. Swedbank AB now owns 147,812 shares of the company’s stock worth $14,515,000 after buying an additional 10,813 shares during the last quarter. Costello Asset Management INC bought a new stake in J. M. Smucker in the 1st quarter worth approximately $50,000. Finally, Douglas Lane & Associates LLC lifted its position in J. M. Smucker by 2.0% in the 2nd quarter. Douglas Lane & Associates LLC now owns 308,401 shares of the company’s stock worth $30,285,000 after buying an additional 6,051 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM stock opened at $105.39 on Monday. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of -7.69, a PEG ratio of 7.26 and a beta of 0.25. The business’s fifty day moving average is $108.66 and its 200 day moving average is $108.73. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the sale, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SJM. DA Davidson boosted their price objective on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. BNP Paribas upgraded J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. Barclays reiterated an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a research report on Friday, August 29th. JPMorgan Chase & Co. lowered their price objective on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

J. M. Smucker Profile

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.