Ashton Thomas Private Wealth LLC Buys 9,154 Shares of The J. M. Smucker Company $SJM

Ashton Thomas Private Wealth LLC lifted its stake in The J. M. Smucker Company (NYSE:SJM) by 250.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,803 shares of the company’s stock after buying an additional 9,154 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in J. M. Smucker were worth $1,516,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SJM. EP Wealth Advisors LLC lifted its stake in shares of J. M. Smucker by 11.4% in the fourth quarter. EP Wealth Advisors LLC now owns 2,080 shares of the company’s stock valued at $229,000 after buying an additional 213 shares during the period. Focus Partners Wealth lifted its stake in shares of J. M. Smucker by 357.9% in the fourth quarter. Focus Partners Wealth now owns 41,891 shares of the company’s stock valued at $4,613,000 after buying an additional 32,743 shares during the period. Gotham Asset Management LLC lifted its stake in shares of J. M. Smucker by 36.4% in the fourth quarter. Gotham Asset Management LLC now owns 78,169 shares of the company’s stock valued at $8,608,000 after buying an additional 20,872 shares during the period. Janus Henderson Group PLC lifted its stake in shares of J. M. Smucker by 1.9% in the fourth quarter. Janus Henderson Group PLC now owns 13,207 shares of the company’s stock valued at $1,454,000 after buying an additional 244 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of J. M. Smucker by 1.6% in the fourth quarter. Lazard Asset Management LLC now owns 162,556 shares of the company’s stock valued at $17,900,000 after buying an additional 2,545 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

NYSE:SJM opened at $110.91 on Wednesday. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The firm has a 50 day moving average of $108.91 and a 200-day moving average of $109.96. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $11.83 billion, a P/E ratio of -8.09, a price-to-earnings-growth ratio of 7.70 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $2.44 EPS. The business’s revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. J. M. Smucker’s dividend payout ratio is presently -32.09%.

Insiders Place Their Bets

In related news, Director Tarang Amin acquired 1,050 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the transaction, the director directly owned 3,825 shares of the company’s stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SJM has been the subject of several research reports. DA Davidson increased their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. UBS Group cut their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. Stifel Nicolaus raised their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, July 29th. Zacks Research upgraded shares of J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Finally, Jefferies Financial Group upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and cut their price target for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.