Czech National Bank Buys 1,570 Shares of The J. M. Smucker Company $SJM

Czech National Bank boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,012 shares of the company’s stock after purchasing an additional 1,570 shares during the period. Czech National Bank’s holdings in J. M. Smucker were worth $2,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised 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 valued at $25,000 after acquiring an additional 100 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of J. M. Smucker in the first quarter valued at approximately $30,000. Nova Wealth Management Inc. acquired a new stake in shares of J. M. Smucker in the second quarter valued at approximately $25,000. Cooksen Wealth LLC acquired a new stake in J. M. Smucker during the 1st quarter worth $33,000. Finally, National Pension Service grew its holdings in J. M. Smucker by 74.9% during the 1st quarter. National Pension Service now owns 383 shares of the company’s stock worth $45,000 after acquiring an additional 164 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SJM. Argus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. Citigroup cut their price target on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, June 11th. BNP Paribas Exane upgraded shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research note on Wednesday, July 9th. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. Finally, Bank of America lowered their price objective on shares of 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. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.00.

J. M. Smucker Stock Up 2.0%

Shares of NYSE:SJM opened at $108.80 on Friday. The firm has a market capitalization of $11.61 billion, a PE ratio of -7.94, a price-to-earnings-growth ratio of 7.36 and a beta of 0.27. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 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 fifty day moving average of $109.38 and a 200 day moving average of $109.77.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company posted $2.44 EPS. J. M. Smucker’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 anticipate that The J. M. Smucker Company will post 9.88 EPS 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. Investors of record on Friday, August 15th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, August 15th. 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 -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.