27,860 Shares in The J. M. Smucker Company $SJM Bought by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 27,860 shares of the company’s stock, valued at approximately $3,026,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in J. M. Smucker in the second quarter valued at approximately $112,829,000. Engineers Gate Manager LP acquired a new stake in shares of J. M. Smucker in the 2nd quarter valued at $109,896,000. Assenagon Asset Management S.A. lifted its position in shares of J. M. Smucker by 811.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock worth $99,818,000 after purchasing an additional 818,245 shares during the last quarter. Balyasny Asset Management L.P. lifted 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 last quarter. Finally, Ilex Capital Partners UK LLP grew 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 worth $199,701,000 after purchasing an additional 481,660 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Up 1.7%

J. M. Smucker stock opened at $109.48 on Friday. The stock has a 50 day moving average of $102.78 and a two-hundred day moving average of $105.37. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of -9.76, a PEG ratio of 7.33 and a beta of 0.23. 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 results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned $2.76 EPS. J. M. Smucker’s revenue for the quarter was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

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

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $105.00 price target (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. UBS Group decreased their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Citigroup reaffirmed a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price objective on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, TD Cowen lowered their target price on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $114.93.

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.