The J. M. Smucker Company $SJM Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,562,259 shares of the company’s stock after acquiring an additional 188,868 shares during the period. ProShare Advisors LLC owned about 1.46% of J. M. Smucker worth $169,661,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SJM. Invesco Ltd. raised its stake in J. M. Smucker by 7.5% during the second quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after acquiring an additional 195,774 shares during the period. Geode Capital Management LLC grew its holdings 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 valued at $271,539,000 after purchasing an additional 49,017 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of J. M. Smucker by 45.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock worth $221,140,000 after purchasing an additional 703,382 shares during the period. Ilex Capital Partners UK LLP lifted its holdings in shares of J. M. Smucker by 31.0% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock worth $199,701,000 after purchasing an additional 481,660 shares during the last quarter. Finally, LSV Asset Management boosted its position in J. M. Smucker by 0.9% during the 2nd quarter. LSV Asset Management now owns 1,391,770 shares of the company’s stock valued at $136,672,000 after purchasing an additional 12,450 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SJM. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Stifel Nicolaus dropped their price objective on shares of 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 reissued a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. TD Cowen dropped their price target on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $105.00 price target (down previously from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $114.93.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $109.64 on Monday. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of -9.77, a PEG ratio of 7.45 and a beta of 0.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48. The stock’s 50 day moving average price is $101.21 and its 200 day moving average price is $105.31.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.02). The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. J. M. Smucker’s payout ratio is currently -39.22%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.