Amundi Acquires 28,640 Shares of The J. M. Smucker Company $SJM

Amundi raised its holdings in The J. M. Smucker Company (NYSE:SJM) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 466,075 shares of the company’s stock after buying an additional 28,640 shares during the quarter. Amundi owned 0.44% of J. M. Smucker worth $48,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SJM. Norges Bank acquired a new position in shares of J. M. Smucker during the 2nd quarter valued at $112,829,000. Robeco Institutional Asset Management B.V. increased its stake in J. M. Smucker by 4,906.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock valued at $60,286,000 after purchasing an additional 601,647 shares in the last quarter. Maverick Capital Ltd. acquired a new position in shares of J. M. Smucker during the first quarter valued at about $64,125,000. Marshall Wace LLP bought a new position in shares of J. M. Smucker during the 2nd quarter worth about $36,434,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at about $33,055,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $99.40 on Wednesday. The business’s 50 day simple moving average is $104.47 and its 200 day simple moving average is $106.08. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48. The company has a market cap of $10.61 billion, a price-to-earnings ratio of -8.86, a PEG ratio of 6.84 and a beta of 0.22. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. J. M. Smucker’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Sell-side analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, November 14th. J. M. Smucker’s payout ratio is currently -39.22%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SJM. Bank of America lowered their target price on 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. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. UBS Group lowered their target price on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, DA Davidson raised their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.79.

Insider Transactions at J. M. Smucker

In related 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 transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.24% of the stock is owned by insiders.

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.