Janus Henderson Group PLC Buys 29,373 Shares of The J. M. Smucker Company $SJM

Janus Henderson Group PLC boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 165.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,117 shares of the company’s stock after purchasing an additional 29,373 shares during the quarter. Janus Henderson Group PLC’s holdings in J. M. Smucker were worth $4,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of J. M. Smucker in the 4th quarter valued at about $25,000. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker during the second quarter valued at approximately $27,000. MCF Advisors LLC boosted its stake in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after acquiring an additional 126 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in J. M. Smucker in the second quarter worth $31,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in J. M. Smucker in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $118.99 on Friday. The stock has a market capitalization of $12.69 billion, a P/E ratio of -91.53, a PEG ratio of 1.65 and a beta of 0.25. The business has a 50 day simple moving average of $113.12 and a two-hundred day simple moving average of $106.09. 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 debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, analysts predict that The J. M. Smucker Company will post 10.06 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 paid a $1.12 dividend. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, August 14th. J. M. Smucker’s payout ratio is -338.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SJM. Barclays increased their price objective on J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. Sanford C. Bernstein reissued an “outperform” rating and issued a $137.00 price target on shares of J. M. Smucker in a report on Wednesday, June 10th. BTIG Research set a $130.00 price target on J. M. Smucker in a report on Wednesday, June 10th. Royal Bank Of Canada increased their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, TD Cowen raised their price objective on J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.67.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeannette L. Knudsen sold 4,353 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the transaction, the insider directly owned 16,835 shares in the company, valued at $1,937,371.80. This trade represents a 20.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, 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 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.