XTX Topco Ltd Takes $5.47 Million Position in The J. M. Smucker Company $SJM

XTX Topco Ltd bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 55,657 shares of the company’s stock, valued at approximately $5,466,000.

Other hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC lifted its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker in the second quarter worth $25,000. AlphaQuest LLC purchased a new position in shares of J. M. Smucker during the 2nd quarter valued at $26,000. Bank of Jackson Hole Trust boosted its holdings in J. M. Smucker by 104.5% in the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after buying an additional 140 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in J. M. Smucker in the 1st quarter worth $30,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

SJM stock opened at $104.30 on Tuesday. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42. The firm has a market capitalization of $11.13 billion, a P/E ratio of -7.61, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24. The company has a fifty day simple moving average of $105.88 and a two-hundred day simple moving average of $106.95. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the company posted $2.76 earnings per share. The firm’s quarterly revenue 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. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.2%. J. M. Smucker’s dividend payout ratio is -32.09%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SJM. Morgan Stanley upped their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Bank of America lowered their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. DA Davidson boosted their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Argus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.31.

Insider Activity

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, September 30th. The stock was 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 in the company, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.24% of the stock is owned by insiders.

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.