Robeco Institutional Asset Management B.V. Purchases 601,647 Shares of The J. M. Smucker Company $SJM

Robeco Institutional Asset Management B.V. raised its position in The J. M. Smucker Company (NYSE:SJM) by 4,906.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 613,910 shares of the company’s stock after purchasing an additional 601,647 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in J. M. Smucker were worth $60,286,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its stake in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Nova Wealth Management Inc. bought a new stake in J. M. Smucker in the second quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in J. M. Smucker in the first quarter valued at approximately $30,000. Cooksen Wealth LLC bought a new stake in J. M. Smucker in the first quarter valued at approximately $33,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in J. M. Smucker in the second quarter valued at approximately $39,000. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on SJM shares. Bank of America lowered their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Morgan Stanley increased their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Stifel Nicolaus increased their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, July 29th. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. Finally, Citigroup lowered their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the transaction, the chief financial officer 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Down 0.4%

J. M. Smucker stock opened at $108.05 on Friday. The company has a market cap of $11.53 billion, a P/E ratio of -7.88, a price-to-earnings-growth ratio of 7.49 and a beta of 0.25. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a fifty day simple moving average of $109.63 and a 200 day simple moving average of $109.50. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last released 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 the consensus estimate 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 firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the business posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker’s payout ratio is -32.09%.

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.