Lecap Asset Management Ltd. Invests $1.16 Million in The J. M. Smucker Company $SJM

Lecap Asset Management Ltd. purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,692 shares of the company’s stock, valued at approximately $1,161,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SJM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in J. M. Smucker by 5.3% during 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 acquiring an additional 41,249 shares during the period. Ethic Inc. boosted its position in shares of J. M. Smucker by 28.8% during the 3rd quarter. Ethic Inc. now owns 54,860 shares of the company’s stock valued at $5,958,000 after purchasing an additional 12,279 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in J. M. Smucker during the third quarter worth approximately $4,476,000. Thompson Investment Management Inc. bought a new stake in J. M. Smucker in the third quarter worth approximately $5,464,000. Finally, Prudential Financial Inc. increased its holdings in J. M. Smucker by 29.5% in the second quarter. Prudential Financial Inc. now owns 74,749 shares of the company’s stock worth $7,340,000 after purchasing an additional 17,032 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SJM. Morgan Stanley reduced their price objective on shares of J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Stifel Nicolaus cut their target price on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. UBS Group decreased their price target on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Finally, Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average target price of $116.46.

J. M. Smucker Price Performance

SJM stock opened at $95.47 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The business has a 50-day simple moving average of $101.90 and a two-hundred day simple moving average of $105.20. The company has a market capitalization of $10.19 billion, a P/E ratio of -8.51, a price-to-earnings-growth ratio of 6.52 and a beta of 0.23. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $121.48.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $2.76 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s dividend payout ratio is presently -39.22%.

J. M. Smucker 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.