Aberdeen Group plc Has $2.04 Million Stock Position in The J. M. Smucker Company $SJM

Aberdeen Group plc lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 75.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,816 shares of the company’s stock after selling 56,647 shares during the quarter. Aberdeen Group plc’s holdings in J. M. Smucker were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of J. M. Smucker in the second quarter valued at approximately $112,829,000. Engineers Gate Manager LP bought a new position in J. M. Smucker in the 2nd quarter valued at $109,896,000. Assenagon Asset Management S.A. increased its stake in shares of J. M. Smucker by 811.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock valued at $99,818,000 after buying an additional 818,245 shares during the period. Balyasny Asset Management L.P. raised its position in shares of J. M. Smucker by 45.4% during the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock worth $221,140,000 after acquiring an additional 703,382 shares during the last quarter. Finally, Ilex Capital Partners UK LLP raised its position 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 acquiring an additional 481,660 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Stifel Nicolaus dropped their price target on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $105.00 price objective (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.43.

J. M. Smucker Stock Up 0.7%

Shares of NYSE:SJM opened at $110.37 on Friday. The company has a 50 day moving average price of $102.95 and a two-hundred day moving average price of $105.34. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The company has a market capitalization of $11.78 billion, a PE ratio of -9.84, a PEG ratio of 7.51 and a beta of 0.23. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $121.48.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results 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 15.26% and a negative net margin of 13.61%.The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business earned $2.76 earnings per share. The company’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. Analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $1.10 dividend. The ex-dividend date 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 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.