The J. M. Smucker Company $SJM Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 83.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 25,668 shares of the company’s stock after buying an additional 11,667 shares during the quarter. Jones Financial Companies Lllp’s holdings in J. M. Smucker were worth $2,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in J. M. Smucker by 10.2% during the fourth quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock valued at $97,000 after buying an additional 92 shares in the last quarter. Colonial Trust Advisors increased its holdings in shares of J. M. Smucker by 7.8% in the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock valued at $127,000 after acquiring an additional 94 shares during the last quarter. Harbour Investments Inc. raised its position in shares of J. M. Smucker by 2.1% during the 4th quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock valued at $455,000 after acquiring an additional 97 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of J. M. Smucker by 7.8% during the 4th quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock valued at $135,000 after acquiring an additional 100 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its stake in J. M. Smucker by 2.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock worth $481,000 after purchasing an additional 100 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the transaction, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeannette L. Knudsen sold 5,550 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the transaction, the insider directly owned 16,039 shares in the company, valued at $1,865,175.31. This trade represents a 25.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 18,533 shares of company stock worth $2,132,914. 2.80% of the stock is owned by company insiders.

J. M. Smucker Price Performance

NYSE SJM opened at $125.87 on Tuesday. The company has a 50-day moving average price of $116.32 and a two-hundred day moving average price of $107.54. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $127.64. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of -96.82, a price-to-earnings-growth ratio of 1.68 and a beta of 0.25. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion for 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 business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Analysts forecast that The J. M. Smucker Company will post 9.98 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $1.12 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, August 14th. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. J. M. Smucker’s payout ratio is presently -344.62%.

Analyst Ratings Changes

A number of equities analysts have commented on SJM shares. TD Cowen lifted their price objective on shares of J. M. Smucker from $120.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Barclays increased their target price on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, June 11th. Jefferies Financial Group lifted their price target on shares of J. M. Smucker from $129.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Evercore reaffirmed an “outperform” rating and set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company set a $115.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Moderate Buy” and an average target price of $125.53.

About J. M. Smucker

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.