Banco Bilbao Vizcaya Argentaria S.A. Grows Stake in The J. M. Smucker Company $SJM

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,558 shares of the company’s stock after purchasing an additional 1,664 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in J. M. Smucker were worth $2,508,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. lifted its position in J. M. Smucker by 2.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock worth $380,000 after acquiring an additional 97 shares in the last quarter. Tortoise Investment Management LLC boosted its stake 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 purchasing an additional 100 shares during the period. Twin Capital Management Inc. grew its holdings in J. M. Smucker by 1.6% during the 2nd quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $719,000 after purchasing an additional 117 shares in the last quarter. SouthState Corp increased its stake in J. M. Smucker by 6.4% during the 1st quarter. SouthState Corp now owns 1,976 shares of the company’s stock worth $234,000 after buying an additional 118 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in J. M. Smucker by 14.1% in the 2nd quarter. Golden State Wealth Management LLC now owns 961 shares of the company’s stock worth $94,000 after buying an additional 119 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $109.02 on Monday. The company has a market cap of $11.63 billion, a PE ratio of -7.95, a P/E/G ratio of 6.97 and a beta of 0.24. The firm has a 50-day simple moving average of $106.34 and a 200 day simple moving average of $107.30. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results 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 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 the consensus estimate of $2.09 billion. During the same period last year, the business posted $2.44 EPS. The company’s revenue for the quarter 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 anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is currently -32.09%.

Wall Street Analyst Weigh In

SJM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research note on Thursday, August 28th. Barclays reissued an “equal weight” rating and issued a $105.00 price target on shares of J. M. Smucker in a report on Friday, August 29th. Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. Wells Fargo & Company increased their target price on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Finally, UBS Group decreased their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. One research 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 MarketBeat.com, the stock currently has a consensus 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 the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the transaction, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.24% of the stock is owned by 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.