Cresset Asset Management LLC Has $259,000 Stake in The J. M. Smucker Company $SJM

Cresset Asset Management LLC reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 97.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,185 shares of the company’s stock after selling 69,762 shares during the quarter. Cresset Asset Management LLC’s holdings in J. M. Smucker were worth $259,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP boosted its position in J. M. Smucker by 76.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company’s stock worth $118,808,000 after purchasing an additional 468,200 shares during the period. LSV Asset Management lifted its stake in shares of J. M. Smucker by 48.4% during the 1st quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock worth $163,325,000 after buying an additional 449,920 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of J. M. Smucker by 8,557.5% during the 1st quarter. GAMMA Investing LLC now owns 321,365 shares of the company’s stock worth $38,053,000 after buying an additional 317,653 shares during the period. Dimensional Fund Advisors LP grew its stake in J. M. Smucker by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock valued at $267,252,000 after buying an additional 248,110 shares during the last quarter. Finally, Nuveen LLC bought a new position in J. M. Smucker in the 1st quarter valued at about $26,928,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SJM shares. Citigroup reduced their price objective on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, June 11th. Wells Fargo & Company boosted their price target on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Stifel Nicolaus upped their price objective on J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, July 29th. Morgan Stanley lifted their target price on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, UBS Group boosted their target price on shares of J. M. Smucker from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Moderate Buy” and an average price target of $119.69.

Insider Transactions at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of the stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.24% of the stock is owned by company insiders.

J. M. Smucker Stock Performance

SJM opened at $110.44 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The firm has a market cap of $11.76 billion, a P/E ratio of -9.55, a price-to-earnings-growth ratio of 8.30 and a beta of 0.31. The business’s fifty day moving average is $106.32 and its 200-day moving average is $109.54.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.J. M. Smucker’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.66 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS 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 2nd. Investors of record on Friday, August 15th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, August 15th. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio (DPR) is -38.06%.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.