Huber Capital Management LLC Buys New Position in The J. M. Smucker Company $SJM

Huber Capital Management LLC bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 51,600 shares of the company’s stock, valued at approximately $6,110,000. J. M. Smucker makes up about 1.2% of Huber Capital Management LLC’s holdings, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Merit Financial Group LLC bought a new position in J. M. Smucker in the 1st quarter valued at about $203,000. Farther Finance Advisors LLC lifted its holdings in J. M. Smucker by 113.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company’s stock valued at $346,000 after acquiring an additional 1,554 shares during the last quarter. Costello Asset Management INC acquired a new stake in J. M. Smucker in the 1st quarter valued at about $50,000. Schonfeld Strategic Advisors LLC lifted its holdings in J. M. Smucker by 124.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company’s stock valued at $1,471,000 after acquiring an additional 7,414 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in J. M. Smucker by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company’s stock valued at $2,482,000 after acquiring an additional 335 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of research analyst reports. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a report on Monday, August 11th. BNP Paribas raised shares of J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, July 9th. Bank of America upped their price target on shares of J. M. Smucker from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, August 19th. Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a report on Monday, July 7th. They issued an “outperform” rating and a $130.00 price target for the company. Finally, Morgan Stanley boosted their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.69.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were bought at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.24% of the stock is owned by corporate insiders.

J. M. Smucker Price Performance

Shares of SJM opened at $105.83 on Thursday. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of -9.16, a P/E/G ratio of 8.23 and a beta of 0.31. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The business’s 50-day moving average is $106.51 and its 200-day moving average is $109.51.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. J. M. Smucker’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS 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 2nd. Stockholders of record on Friday, August 15th will be issued a $1.10 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio is currently -38.06%.

J. M. Smucker Company 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.