The J. M. Smucker Company $SJM Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,970 shares of the company’s stock after acquiring an additional 1,039 shares during the period. IFM Investors Pty Ltd’s holdings in J. M. Smucker were worth $2,157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SJM. Tortoise Investment Management LLC lifted its position 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 in the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of J. M. Smucker in the second quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of J. M. Smucker in the first quarter valued at $30,000. Cooksen Wealth LLC purchased a new position in J. M. Smucker in the first quarter valued at $33,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in J. M. Smucker in the second quarter valued at $39,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SJM shares. Stifel Nicolaus lifted their price target on J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. Barclays reissued an “equal weight” rating and issued a $105.00 target price on shares of J. M. Smucker in a report on Friday, August 29th. JPMorgan Chase & Co. dropped their price target on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. BNP Paribas Exane upgraded shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and dropped their price target for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

J. M. Smucker Stock Down 0.5%

Shares of NYSE SJM opened at $108.19 on Tuesday. The stock’s 50-day simple moving average is $109.45 and its 200-day simple moving average is $109.69. 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 cap of $11.54 billion, a price-to-earnings ratio of -7.89, a PEG ratio of 7.51 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.

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 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 for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the company earned $2.44 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker’s dividend payout ratio is currently -32.09%.

J. M. Smucker Company 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.