Fifth Third Bancorp Buys 265 Shares of The J. M. Smucker Company $SJM

Fifth Third Bancorp lifted its stake in The J. M. Smucker Company (NYSE:SJM) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,975 shares of the company’s stock after acquiring an additional 265 shares during the period. Fifth Third Bancorp’s holdings in J. M. Smucker were worth $1,078,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC raised its stake in shares of J. M. Smucker by 87.0% in the 1st 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. N.E.W. Advisory Services LLC bought a new position in J. M. Smucker in the 1st quarter worth approximately $30,000. Nova Wealth Management Inc. bought a new position in J. M. Smucker in the 2nd quarter worth approximately $25,000. Cooksen Wealth LLC bought a new position in J. M. Smucker in the 1st quarter worth approximately $33,000. Finally, National Pension Service increased its position in J. M. Smucker by 74.9% in the 1st quarter. National Pension Service now owns 383 shares of the company’s stock worth $45,000 after buying an additional 164 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $109.19 on Monday. The business’s fifty day moving average price is $109.62 and its two-hundred day moving average price is $109.56. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of -7.96, a price-to-earnings-growth ratio of 7.54 and a beta of 0.27. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share 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 company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company earned $2.44 earnings per share. The business’s revenue 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, analysts predict 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 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. The ex-dividend date was Friday, August 15th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is currently -32.09%.

Analysts Set New Price Targets

Several brokerages have commented on SJM. 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. Royal Bank Of Canada assumed coverage on J. M. Smucker in a research report on Monday, July 7th. They issued an “outperform” rating and a $130.00 price target on the stock. Zacks Research upgraded J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Stifel Nicolaus upped their target price on J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. Finally, BNP Paribas Exane upgraded J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.