Aviva PLC Grows Holdings in The J. M. Smucker Company $SJM

Aviva PLC grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,091 shares of the company’s stock after buying an additional 6,066 shares during the quarter. Aviva PLC owned 0.07% of J. M. Smucker worth $7,767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. Tortoise Investment Management LLC increased its stake in 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 purchased a new position in shares of J. M. Smucker in the 1st quarter worth about $30,000. Nova Wealth Management Inc. bought a new position in shares of J. M. Smucker during the 2nd quarter valued at about $25,000. AlphaQuest LLC purchased a new position in shares of J. M. Smucker during the 2nd quarter valued at about $26,000. Finally, Bank of Jackson Hole Trust raised its holdings in shares of J. M. Smucker by 104.5% during the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after buying an additional 140 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

SJM stock opened at $109.89 on Thursday. 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 J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The firm has a 50-day moving average of $106.44 and a 200 day moving average of $107.43. The company has a market cap of $11.72 billion, a P/E ratio of -8.02, a PEG ratio of 6.97 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last posted its 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company posted $2.44 EPS. The firm’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. On average, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker’s dividend payout ratio is -32.09%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Argus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Morgan Stanley increased their price objective on J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Zacks Research raised J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus upped their price target on J. M. Smucker from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.38.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.24% of the company’s stock.

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.