AQR Capital Management LLC Sells 76,786 Shares of The J. M. Smucker Company $SJM

AQR Capital Management LLC decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 52.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,828 shares of the company’s stock after selling 76,786 shares during the period. AQR Capital Management LLC owned 0.07% of J. M. Smucker worth $8,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its stake 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 worth $25,000 after purchasing an additional 100 shares during the period. N.E.W. Advisory Services LLC bought a new position in J. M. Smucker in the 1st quarter worth approximately $30,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker during the first quarter worth approximately $33,000. National Pension Service boosted its position in shares of J. M. Smucker by 74.9% in the first quarter. National Pension Service now owns 383 shares of the company’s stock valued at $45,000 after acquiring an additional 164 shares during the period. Finally, Menard Financial Group LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter worth $46,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

NYSE SJM opened at $110.87 on Friday. The stock has a market cap of $11.83 billion, a P/E ratio of -8.09, a PEG ratio of 7.59 and a beta of 0.27. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The company’s 50-day simple moving average is $109.16 and its 200 day simple moving average is $109.96.

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 company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $2.44 earnings per share. The company’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. As a group, research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $1.10 per share. 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 dividend on an annualized basis and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is -32.09%.

Analyst Upgrades and Downgrades

SJM has been the subject of several research analyst reports. DA Davidson upped their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Citigroup cut their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, June 11th. Jefferies Financial Group raised J. M. Smucker from a “hold” rating to a “buy” rating and decreased their target price for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. Bank of America lowered their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Finally, Stifel Nicolaus upped their price target on J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, July 29th. One research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.00.

J. M. Smucker Profile

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.