NewEdge Advisors LLC Purchases 4,701 Shares of The J. M. Smucker Company $SJM

NewEdge Advisors LLC raised its position in The J. M. Smucker Company (NYSE:SJM) by 0.9% during the first quarter, HoldingsChannel.com reports. The firm owned 538,135 shares of the company’s stock after purchasing an additional 4,701 shares during the period. NewEdge Advisors LLC’s holdings in J. M. Smucker were worth $51,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. UBS Group AG boosted its position in shares of J. M. Smucker by 238.7% during the fourth 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 raised its holdings in shares of J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after buying an additional 1,505,991 shares during the period. Norges Bank bought a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $92,960,000. Dimensional Fund Advisors LP lifted its stake in shares of J. M. Smucker by 33.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after acquiring an additional 850,943 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in J. M. Smucker by 339.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock valued at $111,156,000 after acquiring an additional 794,851 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Down 0.2%

Shares of NYSE SJM opened at $118.99 on Friday. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $127.64. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of -91.53, a PEG ratio of 1.65 and a beta of 0.25. The stock has a 50 day moving average price of $113.12 and a 200 day moving average price of $106.09. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping the consensus estimate 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%.J. M. Smucker’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 10.06 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $1.12 per share. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, August 14th. J. M. Smucker’s payout ratio is -338.46%.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, the insider directly owned 16,039 shares of the company’s stock, valued at $1,865,175.31. This represents a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the transaction, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,533 shares of company stock worth $2,132,914. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SJM. Royal Bank Of Canada upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. UBS Group lifted their target price on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Morgan Stanley boosted their target price on shares of J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. upped their price target on shares of J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Stifel Nicolaus reduced 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. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.