Balyasny Asset Management L.P. Acquires 703,382 Shares of The J. M. Smucker Company $SJM

Balyasny Asset Management L.P. raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 45.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,251,934 shares of the company’s stock after purchasing an additional 703,382 shares during the quarter. J. M. Smucker accounts for approximately 0.3% of Balyasny Asset Management L.P.’s investment portfolio, making the stock its 21st largest holding. Balyasny Asset Management L.P. owned approximately 2.11% of J. M. Smucker worth $221,140,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SJM. Invesco Ltd. increased its stake in J. M. Smucker by 7.5% in the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after buying an additional 195,774 shares during the period. Geode Capital Management LLC increased its position in shares of J. M. Smucker by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock worth $271,539,000 after acquiring an additional 49,017 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of J. M. Smucker by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock valued at $267,252,000 after acquiring an additional 248,110 shares in the last quarter. Ilex Capital Partners UK LLP raised its stake in shares of J. M. Smucker by 31.0% during the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock valued at $199,701,000 after acquiring an additional 481,660 shares in the last quarter. Finally, Ariel Investments LLC boosted its holdings 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 valued at $222,798,000 after purchasing an additional 48,723 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $101.58 on Friday. The company has a market capitalization of $10.84 billion, a PE ratio of -9.05, a P/E/G ratio of 6.86 and a beta of 0.22. The company has a 50-day simple moving average of $104.02 and a two-hundred day simple moving average of $105.92. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $121.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm earned $2.76 EPS. The firm’s quarterly 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. Research analysts expect 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 was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, November 14th. J. M. Smucker’s dividend payout ratio is currently -39.22%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SJM. Stifel Nicolaus reduced their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Citigroup restated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price objective on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Argus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. Finally, DA Davidson boosted their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $116.79.

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.