The J. M. Smucker Company $SJM Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in The J. M. Smucker Company (NYSE:SJM) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,161 shares of the company’s stock after buying an additional 604 shares during the quarter. Teacher Retirement System of Texas’ holdings in J. M. Smucker were worth $1,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. raised its stake in shares of J. M. Smucker by 8.6% during the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company’s stock valued at $310,620,000 after purchasing an additional 208,231 shares in the last quarter. Dimensional Fund Advisors LP raised its position in J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after acquiring an additional 248,110 shares in the last quarter. Ariel Investments LLC raised its position in J. M. Smucker by 2.7% in the first quarter. Ariel Investments LLC now owns 1,881,584 shares of the company’s stock worth $222,798,000 after acquiring an additional 48,723 shares in the last quarter. LSV Asset Management raised its position in J. M. Smucker by 48.4% in the first quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock worth $163,325,000 after acquiring an additional 449,920 shares in the last quarter. Finally, Northern Trust Corp raised its position in J. M. Smucker by 7.9% in the first quarter. Northern Trust Corp now owns 1,219,932 shares of the company’s stock worth $144,452,000 after acquiring an additional 89,316 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Up 0.0%

Shares of J. M. Smucker stock opened at $103.64 on Wednesday. The stock has a market capitalization of $11.06 billion, a P/E ratio of -7.56, a PEG ratio of 6.97 and a beta of 0.25. 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 stock has a 50 day moving average price of $106.68 and a two-hundred day moving average price of $107.76. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share 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 business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the company posted $2.44 earnings per share. The firm’s 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. Equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s dividend payout ratio is -32.09%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Argus cut J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. DA Davidson boosted their price objective on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Stifel Nicolaus boosted their price objective on J. M. Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Zacks Research upgraded J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Finally, Wells Fargo & Company boosted their price objective on J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the transaction, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.24% of the stock is owned by company insiders.

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.