Geneos Wealth Management Inc. Grows Stock Holdings in The J. M. Smucker Company $SJM

Geneos Wealth Management Inc. grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 14.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,378 shares of the company’s stock after purchasing an additional 179 shares during the quarter. Geneos Wealth Management Inc.’s holdings in J. M. Smucker were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Tortoise Investment Management LLC raised its position in shares of J. M. Smucker by 87.0% during the 1st 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. N.E.W. Advisory Services LLC purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at approximately $30,000. Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at approximately $33,000. National Pension Service raised its position in shares of J. M. Smucker by 74.9% during 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. Finally, Menard Financial Group LLC purchased a new stake in shares of J. M. Smucker during the 4th quarter valued at approximately $46,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on SJM. Cfra Research raised shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Barclays reaffirmed an “equal weight” rating and set a $105.00 price target on shares of J. M. Smucker in a research report on Friday, August 29th. Bank of America reduced their price target on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. DA Davidson boosted their target price on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Finally, UBS Group cut their target price on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

J. M. Smucker Stock Performance

NYSE:SJM opened at $104.55 on Wednesday. The company has a fifty day simple moving average of $109.24 and a two-hundred day simple moving average of $109.84. The company has a market cap of $11.15 billion, a price-to-earnings ratio of -7.63, a price-to-earnings-growth ratio of 7.05 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 52 week low of $93.30 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business had revenue of $2.11 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.2%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. J. M. Smucker’s payout ratio is presently -32.09%.

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.