Candriam S.C.A. Acquires 1,663 Shares of The J. M. Smucker Company $SJM

Candriam S.C.A. boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,752 shares of the company’s stock after buying an additional 1,663 shares during the quarter. Candriam S.C.A.’s holdings in J. M. Smucker were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of J. M. Smucker by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after acquiring an additional 49,017 shares during the period. Invesco Ltd. grew its holdings in 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 during the period. Dimensional Fund Advisors LP increased 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 buying an additional 248,110 shares in the last quarter. Ariel Investments LLC raised its stake in shares of 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 buying an additional 48,723 shares during the period. Finally, LSV Asset Management lifted its position in shares of J. M. Smucker by 48.4% during the 1st quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock valued at $163,325,000 after buying an additional 449,920 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction of $1,204,237.29. Following the sale, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.24% of the company’s stock.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $106.52 on Tuesday. The firm has a market cap of $11.36 billion, a PE ratio of -7.77, a PEG ratio of 6.97 and a beta of 0.24. The stock has a 50 day moving average of $106.23 and a 200 day moving average of $107.25. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. 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 issued its quarterly earnings data 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 firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company earned $2.44 earnings per share. 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, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -32.09%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SJM. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a report on Monday, August 11th. DA Davidson increased their price objective on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Stifel Nicolaus raised their price objective on shares of J. M. Smucker from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Cfra Research raised shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.38.

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.