Vident Advisory LLC Takes Position in The J. M. Smucker Company $SJM

Vident Advisory LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,019 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its holdings in shares of J. M. Smucker by 174.8% in the first quarter. Canada Pension Plan Investment Board now owns 38,200 shares of the company’s stock valued at $4,523,000 after buying an additional 24,300 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Huber Capital Management LLC acquired a new position in shares of J. M. Smucker in the first quarter valued at approximately $6,110,000. Landscape Capital Management L.L.C. boosted its holdings in shares of J. M. Smucker by 537.4% in the first quarter. Landscape Capital Management L.L.C. now owns 41,050 shares of the company’s stock valued at $4,861,000 after buying an additional 34,610 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of J. M. Smucker by 58.3% in the first quarter. BNP Paribas Financial Markets now owns 333,132 shares of the company’s stock valued at $39,446,000 after buying an additional 122,726 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank Of Canada assumed coverage on shares of J. M. Smucker in a report on Monday, July 7th. They set an “outperform” rating and a $130.00 target price for the company. Jefferies Financial Group upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and reduced their target price for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. JPMorgan Chase & Co. reduced their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. BNP Paribas upgraded shares of J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, July 9th. Finally, BNP Paribas Exane upgraded shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price for the company in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Moderate Buy” and an average target price of $118.00.

Insider Buying and Selling at J. M. Smucker

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

J. M. Smucker Stock Performance

NYSE SJM opened at $110.91 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The firm’s fifty day moving average price is $108.91 and its two-hundred day moving average price is $109.96. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The firm has a market capitalization of $11.83 billion, a P/E ratio of -8.09, a price-to-earnings-growth ratio of 7.70 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.05). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. J. M. Smucker’s payout ratio is currently -32.09%.

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.