Mutual Advisors LLC Purchases New Stake in The J. M. Smucker Company $SJM

Mutual Advisors LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,684 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in J. M. Smucker by 8.6% during the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company’s stock worth $310,620,000 after purchasing an additional 208,231 shares during the period. Dimensional Fund Advisors LP boosted its position in J. M. Smucker by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after purchasing an additional 248,110 shares during the period. Ariel Investments LLC boosted its position in J. M. Smucker by 2.7% during the first quarter. Ariel Investments LLC now owns 1,881,584 shares of the company’s stock worth $222,798,000 after purchasing an additional 48,723 shares during the period. LSV Asset Management boosted its position in J. M. Smucker by 48.4% during the first quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock worth $163,325,000 after purchasing an additional 449,920 shares during the period. Finally, Northern Trust Corp boosted its position in J. M. Smucker by 7.9% during the first quarter. Northern Trust Corp now owns 1,219,932 shares of the company’s stock worth $144,452,000 after purchasing an additional 89,316 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

SJM has been the subject of a number of research reports. DA Davidson increased their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Bank of America lowered their price target on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Argus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. Barclays reissued an “equal weight” rating and issued a $105.00 price target on shares of J. M. Smucker in a report on Friday, August 29th. Finally, BNP Paribas Exane raised shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.24% of the company’s stock.

J. M. Smucker Trading Down 0.5%

Shares of SJM opened at $104.84 on Wednesday. The firm’s 50 day simple moving average is $108.41 and its 200 day simple moving average is $108.64. The company has a market capitalization of $11.18 billion, a P/E ratio of -7.65, a P/E/G ratio of 7.27 and a beta of 0.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM) last announced 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 company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

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.