The J. M. Smucker Company $SJM Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in The J. M. Smucker Company (NYSE:SJM) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,739 shares of the company’s stock after acquiring an additional 610 shares during the period. Cetera Investment Advisers’ holdings in J. M. Smucker were worth $2,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SJM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in J. M. Smucker by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock worth $96,553,000 after acquiring an additional 41,249 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of J. M. Smucker by 283.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock worth $886,000 after purchasing an additional 5,529 shares during the last quarter. Swedbank AB grew its stake in shares of J. M. Smucker by 7.9% during the second quarter. Swedbank AB now owns 147,812 shares of the company’s stock worth $14,515,000 after purchasing an additional 10,813 shares in the last quarter. Clark & Stuart Inc increased its holdings in J. M. Smucker by 3.6% in the second quarter. Clark & Stuart Inc now owns 75,035 shares of the company’s stock valued at $7,368,000 after buying an additional 2,601 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in J. M. Smucker in the first quarter valued at $50,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SJM shares. Sanford C. Bernstein upped their price target on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. Barclays reiterated an “equal weight” rating and set a $105.00 price target on shares of J. M. Smucker in a research note on Friday, August 29th. Wells Fargo & Company upped their target price on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Finally, Bank of America lowered their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.79.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $103.31 on Friday. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of -7.54, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24. 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 business’s 50 day simple moving average is $105.69 and its 200-day simple moving average is $106.82. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s dividend payout ratio is currently -39.22%.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a 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.