Global X Japan Co. Ltd. Has $493,000 Stock Position in The J. M. Smucker Company $SJM

Global X Japan Co. Ltd. cut its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 14.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,018 shares of the company’s stock after selling 820 shares during the quarter. Global X Japan Co. Ltd.’s holdings in J. M. Smucker were worth $493,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SJM. Maverick Capital Ltd. purchased a new stake in J. M. Smucker in the 1st quarter worth approximately $64,125,000. LSV Asset Management raised its holdings in shares of J. M. Smucker by 48.4% during the first quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock worth $163,325,000 after acquiring an additional 449,920 shares in the last quarter. GAMMA Investing LLC boosted its position in J. M. Smucker by 8,557.5% during the first quarter. GAMMA Investing LLC now owns 321,365 shares of the company’s stock valued at $38,053,000 after purchasing an additional 317,653 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in J. M. Smucker in the first quarter valued at about $33,055,000. Finally, Dimensional Fund Advisors LP increased its position in J. M. Smucker by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after purchasing an additional 248,110 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, July 29th. BNP Paribas Exane upgraded shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Wednesday, July 9th. Argus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. Finally, Wells Fargo & Company increased their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

J. M. Smucker Trading Up 2.0%

Shares of J. M. Smucker stock opened at $108.80 on Friday. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company’s fifty day simple moving average is $109.38 and its 200-day simple moving average is $109.77. The company has a market cap of $11.61 billion, a price-to-earnings ratio of -7.94, a PEG ratio of 7.36 and a beta of 0.27. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned $2.44 earnings per share. J. M. Smucker’s revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $1.10 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, August 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -32.09%.

About J. M. Smucker

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.