Gamco Investors INC. ET AL Sells 5,632 Shares of The J. M. Smucker Company $SJM

Gamco Investors INC. ET AL lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 3.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 140,556 shares of the company’s stock after selling 5,632 shares during the period. Gamco Investors INC. ET AL owned approximately 0.13% of J. M. Smucker worth $13,555,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its holdings in shares of J. M. Smucker by 10.2% during the fourth quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after buying an additional 92 shares during the last quarter. Colonial Trust Advisors grew its stake in shares of J. M. Smucker by 7.8% in the fourth quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock worth $127,000 after acquiring an additional 94 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of J. M. Smucker by 2.1% in the fourth quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock worth $455,000 after acquiring an additional 97 shares during the last quarter. Delta Asset Management LLC TN increased its position in J. M. Smucker by 7.8% during the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after acquiring an additional 100 shares during the period. Finally, New Mexico Educational Retirement Board increased its position 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 acquiring an additional 100 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Up 2.2%

Shares of J. M. Smucker stock opened at $118.31 on Friday. The firm has a market capitalization of $12.62 billion, a PE ratio of -91.01, a price-to-earnings-growth ratio of 1.65 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The company’s fifty day moving average price is $109.88 and its two-hundred day moving average price is $104.71. 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 announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the company posted $2.31 EPS. The business’s revenue was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, analysts expect that The J. M. Smucker Company will post 9.95 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 paid a dividend of $1.12 per share. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, August 14th. J. M. Smucker’s dividend payout ratio is -338.46%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 3,630 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. This represents a 8.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeannette L. Knudsen sold 4,353 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $115.08, for a total value of $500,943.24. Following the transaction, the insider owned 16,835 shares of the company’s stock, valued at $1,937,371.80. This trade represents a 20.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SJM shares. Royal Bank Of Canada upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Barclays boosted their price objective 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. Bank of America upped their price objective on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Evercore reiterated an “outperform” rating and issued a $125.00 target price on shares of J. M. Smucker in a research note on Thursday. Finally, Stifel Nicolaus lowered their price target on 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. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $121.67.

J. M. Smucker Profile

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.