Advisors Asset Management Inc. Boosts Position in The J. M. Smucker Company $SJM

Advisors Asset Management Inc. raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 21.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,853 shares of the company’s stock after buying an additional 4,647 shares during the period. Advisors Asset Management Inc.’s holdings in J. M. Smucker were worth $2,808,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of J. M. Smucker during the 2nd quarter valued at $112,829,000. Engineers Gate Manager LP acquired a new stake in J. M. Smucker in the 2nd quarter valued at $109,896,000. Assenagon Asset Management S.A. raised its position in J. M. Smucker by 811.0% in the third quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock valued at $99,818,000 after purchasing an additional 818,245 shares during the period. Balyasny Asset Management L.P. lifted its stake 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 purchasing an additional 703,382 shares in the last quarter. Finally, Ilex Capital Partners UK LLP lifted 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 currently owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $110.54 on Friday. 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 J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $121.48. The firm’s 50-day simple moving average is $102.11 and its 200-day simple moving average is $105.34. The firm has a market cap of $11.79 billion, a PE ratio of -9.85, a price-to-earnings-growth ratio of 7.52 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. The firm’s quarterly revenue 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. Equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Morgan Stanley restated an “equal weight” rating and issued a $105.00 price target (down previously from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Finally, Sanford C. Bernstein upped their target price on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.