Wedge Capital Management L L P NC Acquires New Position in The J. M. Smucker Company $SJM

Wedge Capital Management L L P NC bought a new stake in The J. M. Smucker Company (NYSE:SJM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 41,218 shares of the company’s stock, valued at approximately $4,476,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its holdings in J. M. Smucker by 2.6% in the second quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock valued at $380,000 after acquiring an additional 97 shares during the last quarter. Tortoise Investment Management LLC raised its position 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 during the period. Twin Capital Management Inc. lifted its stake in shares of J. M. Smucker by 1.6% in the 2nd quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $719,000 after purchasing an additional 117 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of J. M. Smucker by 14.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 961 shares of the company’s stock worth $94,000 after purchasing an additional 119 shares during the period. Finally, Private Trust Co. NA increased its position in shares of J. M. Smucker by 10.8% during the 2nd quarter. Private Trust Co. NA now owns 1,338 shares of the company’s stock worth $131,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.24% of the stock is owned by company insiders.

J. M. Smucker Stock Up 0.4%

J. M. Smucker stock opened at $99.06 on Tuesday. The firm has a market capitalization of $10.57 billion, a P/E ratio of -8.83, a P/E/G ratio of 6.71 and a beta of 0.22. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48. The stock’s fifty day simple moving average is $103.37 and its 200-day simple moving average is $105.32.

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

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 4.4%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SJM shares. Sanford C. Bernstein upped their target price on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price objective on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. UBS Group cut their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Citigroup restated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $116.79.

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.