Foster & Motley Inc. Has $2.77 Million Stake in The J. M. Smucker Company $SJM

Foster & Motley Inc. grew its position in shares of The J. M. Smucker Company (NYSE:SJM) by 83.6% in the first quarter, HoldingsChannel reports. The fund owned 28,772 shares of the company’s stock after acquiring an additional 13,097 shares during the period. Foster & Motley Inc.’s holdings in J. M. Smucker were worth $2,775,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG grew its position 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 acquiring an additional 2,765,559 shares during the period. Two Sigma Investments LP increased 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 during the period. National Bank of Canada FI lifted its holdings in shares of J. M. Smucker by 797.4% during the 3rd quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after acquiring an additional 1,245,035 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth approximately $112,944,000. Finally, Norges Bank bought a new position in J. M. Smucker in the fourth quarter valued at approximately $92,960,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at $4,297,523.95. This trade represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.24% of the stock is owned by company insiders.

J. M. Smucker Stock Performance

NYSE SJM opened at $115.55 on Friday. The company’s 50 day moving average is $103.45 and its 200-day moving average is $102.74. The firm has a market cap of $12.32 billion, a P/E ratio of -88.88, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate 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 was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts predict that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio is -338.46%.

Analysts Set New Price Targets

SJM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 price target on shares of J. M. Smucker in a report on Wednesday, May 20th. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a report on Thursday, April 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research report on Wednesday, June 10th. UBS Group increased their price objective on J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $121.13.

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.