Louisiana State Employees Retirement System Invests $521,000 in The J. M. Smucker Company $SJM

Louisiana State Employees Retirement System bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the first quarter, HoldingsChannel.com reports. The firm bought 5,400 shares of the company’s stock, valued at approximately $521,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new position in J. M. Smucker during the 4th quarter worth approximately $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth $27,000. MCF Advisors LLC lifted its position in shares of J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of J. M. Smucker during the second quarter worth $31,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in J. M. Smucker in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of several analyst reports. Morgan Stanley upped their price objective on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a research note on Wednesday, June 10th. Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Stifel Nicolaus dropped their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada raised their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $121.13.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $113.32 on Wednesday. The stock’s 50-day moving average price is $106.10 and its 200 day moving average price is $103.44. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $12.09 billion, a PE ratio of -87.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.26. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion during 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 firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.95 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s payout ratio is currently -338.46%.

Insiders Place Their Bets

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

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.