Wellington Management Group LLP Acquires Shares of 4,695 The J. M. Smucker Company $SJM

Wellington Management Group LLP acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,695 shares of the company’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in J. M. Smucker during the 4th quarter valued at approximately $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at approximately $30,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at approximately $33,000. Finally, National Pension Service lifted its holdings in shares of J. M. Smucker by 74.9% in the 1st quarter. National Pension Service now owns 383 shares of the company’s stock valued at $45,000 after buying an additional 164 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SJM. DA Davidson raised their price target on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. reduced their price target on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. Citigroup reduced their price target 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. Zacks Research raised J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Finally, BNP Paribas Exane raised J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price target for the company in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.00.

J. M. Smucker Stock Performance

NYSE SJM opened at $110.55 on Tuesday. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a market capitalization of $11.79 billion, a P/E ratio of -8.06, a PEG ratio of 7.65 and a beta of 0.27. The business has a 50 day moving average price of $107.26 and a 200 day moving average price of $109.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $1.10 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker’s payout ratio is currently -32.09%.

Insider Buying and Selling

In related news, Director Tarang Amin bought 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, the director owned 3,825 shares in the company, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.24% of the company’s stock.

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.