Assenagon Asset Management S.A. Raises Holdings in The J. M. Smucker Company $SJM

Assenagon Asset Management S.A. boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 58.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,894 shares of the company’s stock after buying an additional 37,382 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of J. M. Smucker worth $9,908,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SJM. Tortoise Investment Management LLC lifted its position in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Nova Wealth Management Inc. purchased a new stake in J. M. Smucker during the 2nd quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in shares of J. M. Smucker during the 1st quarter valued at $30,000. Cooksen Wealth LLC purchased a new position in shares of J. M. Smucker in the 1st quarter worth $33,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of J. M. Smucker in the second quarter worth $39,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.2%

Shares of NYSE SJM opened at $107.83 on Wednesday. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The business’s 50 day moving average is $109.52 and its two-hundred day moving average is $109.68. The stock has a market capitalization of $11.50 billion, a P/E ratio of -7.86, a PEG ratio of 7.46 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the firm posted $2.44 EPS. J. M. Smucker’s revenue for the quarter 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, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker’s payout ratio is currently -32.09%.

Analysts Set New Price Targets

SJM has been the subject of a number of recent research reports. Jefferies Financial Group upgraded J. M. Smucker from a “hold” rating to a “buy” rating and cut their price target for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. Argus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Citigroup decreased 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. Finally, BNP Paribas Exane raised shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.