Charles Schwab Investment Management Inc. Has $102.06 Million Holdings in The J. M. Smucker Company $SJM

Charles Schwab Investment Management Inc. increased its holdings in The J. M. Smucker Company (NYSE:SJM) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,039,336 shares of the company’s stock after buying an additional 21,531 shares during the period. Charles Schwab Investment Management Inc. owned 0.98% of J. M. Smucker worth $102,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SJM. American Century Companies Inc. raised its holdings in J. M. Smucker by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after acquiring an additional 138 shares in the last quarter. Bahl & Gaynor Inc. increased its position in shares of J. M. Smucker by 5.0% in the second quarter. Bahl & Gaynor Inc. now owns 10,344 shares of the company’s stock worth $1,016,000 after purchasing an additional 494 shares during the period. Rhumbline Advisers raised its stake in J. M. Smucker by 6.2% in the second quarter. Rhumbline Advisers now owns 235,971 shares of the company’s stock valued at $23,172,000 after purchasing an additional 13,692 shares in the last quarter. Mufg Securities Americas Inc. lifted its position in J. M. Smucker by 25.2% during the second quarter. Mufg Securities Americas Inc. now owns 2,358 shares of the company’s stock worth $232,000 after purchasing an additional 474 shares during the period. Finally, DNB Asset Management AS grew its stake in J. M. Smucker by 8.5% during the second quarter. DNB Asset Management AS now owns 27,139 shares of the company’s stock worth $2,665,000 after buying an additional 2,127 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SJM. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Citigroup restated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday. Argus cut J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Zacks Research upgraded J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Finally, Sanford C. Bernstein boosted their price target on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.79.

J. M. Smucker Stock Down 0.4%

Shares of NYSE:SJM opened at $102.80 on Friday. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $121.48. The company has a market capitalization of $10.97 billion, a PE ratio of -7.50, 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 quick ratio of 0.34 and a current ratio of 0.81. The company has a fifty day moving average of $105.57 and a 200-day moving average of $106.75.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). 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 $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The company’s revenue was up 2.6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction that occurred 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 directly owned 33,864 shares in the company, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.24% of the stock is currently 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.