The J. M. Smucker Company $SJM Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC raised its position in shares of The J. M. Smucker Company (NYSE:SJM) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,850 shares of the company’s stock after buying an additional 4,800 shares during the period. Gabelli Funds LLC’s holdings in J. M. Smucker were worth $15,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. UBS Group AG raised its holdings in shares of J. M. Smucker by 238.7% in the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares during the period. Two Sigma Investments LP lifted its stake in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after acquiring an additional 1,505,991 shares in the last quarter. Norges Bank purchased a new position in J. M. Smucker during the 4th quarter valued at about $92,960,000. Bank of New York Mellon Corp purchased a new position in J. M. Smucker during the 2nd quarter valued at about $103,113,000. Finally, Dimensional Fund Advisors LP grew its position in J. M. Smucker by 33.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock valued at $331,807,000 after acquiring an additional 850,943 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 sale, the insider directly owned 16,039 shares in the company, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the sale, the insider directly owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,533 shares of company stock worth $2,132,914 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker Price Performance

SJM stock opened at $124.10 on Friday. 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 firm has a market capitalization of $13.24 billion, a P/E ratio of -95.46, a P/E/G ratio of 1.68 and a beta of 0.25. The business’s 50-day moving average is $116.11 and its two-hundred day moving average is $107.38. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $127.64.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that The J. M. Smucker Company will post 9.98 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $1.12 dividend. This is an increase 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 3.6%. The ex-dividend date is Friday, August 14th. J. M. Smucker’s payout ratio is presently -344.62%.

Analysts Set New Price Targets

A number of analysts have issued reports on SJM shares. Bank of America boosted their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. UBS Group raised their price objective on shares of J. M. Smucker from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday. BTIG Research set a $130.00 price objective on shares of J. M. Smucker in a report on Wednesday, June 10th. Morgan Stanley upped their target price on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Moderate Buy” and a consensus target price of $125.53.

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.